CNBC “Stablecoins, Emerging As Mainstream Assets… Restructuring Global Capital Flows”

Stablecoins are being established as a central asset in the financial industry, CNBC reported on the 28th (local time). According to the report, not only Fortune 500 companies but also large Wall Street banks and global payment network companies are rapidly entering the stablecoin ecosystem.

CNBC diagnosed that “major companies such as Paypal, Visa, Mastercard, and JP Morgan are either directly issuing stablecoins or integrating them into their payment systems,” and that “this trend could bring about structural changes not only in existing financial infrastructure but also in the overall method of international fund transfer.”

Stablecoins are gaining attention for resolving problems that the existing system could not solve, such as fast settlement, low fees, and real-time clearing, by acting as a digitized dollar.

In particular, as discussions on stablecoin regulation in the US Congress have recently accelerated, the possibility of incorporation into the system is increasing, and companies and financial institutions are competing to expand their related businesses. It is also observed in the market that in the future, stablecoins could become a key axis leading global financial flows.