USDF Consortium hires ABA exec as first CEO

The USDF Consortium has a new CEO. 

The group, created in January to build a bank network to mint and use stablecoins, said in a press release Wednesday that it had hired Rob Morgan to fill the post. 

Morgan previously served as senior vice president of innovation and strategy at the American Bankers Association. He built and led the association’s office of innovation.

"Banks have a strong history of bringing responsible innovations to market," Morgan said in the release. 

“I believe USDF is the single most important opportunity for banks to build on this success, providing their customers with the latest digital asset innovations from a well-regulated partner that they already trust,” Morgan added. “This is the perfect time to be part of USDF, which is on the cutting edge of where banking is headed." 

The group’s members include New York Community Bancorp, FirstBank, National Bank Holdings, Synovus Financial, Webster Financial, ConnectOne Bancorp, Amerant Bancorp, Primis Financial and Atlantic Union Bankshares.