“AT Consensus 2025, Leaders from Paypal and Moneygram Pointed to Regulation, Real-World Utility and Trust As Keys to Stablecoin Growth.”, – WRITE: www.coindesk.com
“IT MIGHT Sound Counterintuituitive, But You DO WANT The BANKS IN THIS SPACE,” FERNANDEZ DA PONETE SAID, ADDING THAT Their Infrastructure – From Custody Toviding Fiats -Fiat. Scale Beyond Crypto-Native Circles. “You Want that Connectivity and that Fabric to Work.”
His remarks camera Amid Efforts to Bring Regulatory Clarity for Digital Assets in The Us, With Lawmakers Inching Closer to Pass Stablecoin Legislation that Could Redefine theater An Allow Bank.
Read More: US Senate’s Stablecoin Push Still Alive As Bill May Return to Floor: Sources
“This is going to be a big unlock,” SAID ANTHony Soohoo, Chairman and CEO of MONEYGRAM, A Cross-Border Money Transfer Service. “There’s Always Hesitation: Can i Trust This? [The stablecoin legislation] is going to Answer a Lot of Those Questions. ”
Both Executives SAIDS A WAVE OF NEW Issuers to Enter the Market Once Regulation is in Place, Followed by a period of Consolidation. “IT’s not going to be 300 Stablecoins, and is not going to be just two,“ Fernandez da Ponte Said.
Currently, Tether’s USDT USDT$ 1.00 and Circle’s USDC USDC$ 0.9990 Dominate the Market, Representing Nearly 90% of the $ 230 Billion Asset Class. Paypal’s Pyusd Pyusd$ 0.9926launched in 2023, lags Far behind with $ 900 Million Supple. Fernandez da pondte pushed backs on market cap as the prime Metric for Success. “We Look at Velocity, Active Wallets, Number of Transactions,” HE SAID. “TOSE Are What Drive Real USAGE.”
In Countries with High Inflation and Volatile Currencies, Consumers Are Seneking Out Dollar-Backed Stablecoins As Stores of Value and Tools for Cross-Border Payments. SOOHOO SAID MONEYGRAM, WHICH OPERATES IN Over 200 Countries with Nearly Half A Million Cash-Acccess Locations, Is Helping Facilitis That Access.
“We Seie Ourselves Between Physical Finance and Digital Finance,” Soohoo Said. “A Lot of Consumers in Local Economies Want to Hold Value in Dollars But Still Need To Access It As Cash To Spend in Places That Don’T Take Digital Currency.”
Stablecoin Adopt in Developed Countries, Meanwhile, Has Been Slower. With Clear Regulation in Place, Stablecoins Can Streamline Corporate Treasury Operations and Cross-Border Disbursome, Fernandez Da Ponte Noted.
“We used to have this Mad Rush on Friday to Make Sure Money Was in the Right Places Before The Weekend,” He Said. “NOW we’re sending money to the philippines and africa in ten minutes with stablecoins.”
Both Executives Noted that Real-World Use Cases, Not Hype, Will Determin IF Stablecoins Could Reach The Trillion-Dollar Scale in The Next Years that’s Been Been Projected.
“Consumers Don’t Care About Stablecoins. They Care About Solving Problems.” Fernandez Da Ponte Said. “We’re Five Years Into a Ten-Year Journyey, and Regulation Will Define the Next Half.”
X Icon
