Why banks and payment firms are flooding in
A $44 billion IPO. A Senate bill with bipartisan momentum. And now, a wave of Fortune 500 firms launching crypto tokens of their own.
Stablecoins — once a niche corner of the cryptocurrency world — are entering the corporate and policy mainstream, potentially reshaping how money moves in the United States and around the world.
“Many of the users out there today are not aware of stablecoins, or not interested in stablecoins, and they should not be,” said Jose Fernandez da Ponte, PayPal’s SVP of blockchain, crypto and digital currencies. “It should just be a way in which you move value, and in many cases, is going to be an infrastructure layer.”
For corporations, stablecoins are an opportunity to slash millions in transaction fees and…
