Industry insiders: The stablecoin market is fragmented, and “regional stablecoins” will be used for market connection
Editor
2024-12-07 09:02 7,857
Share to:
Golden Finance reported that at a recent industry roundtable, industry insiders expressed corresponding views on the development status and future direction of stablecoins. Among them: Vishal Gupta, founder of True Exchange and former USDC head of Circle, said: “In view of the help of stablecoins, Mass adoption is happening, and we will see a more fragmented market and a proliferation of stablecoin types." Kevin Tharayil, head of special projects at the Celo Foundation, pointed out that the infrastructure is now in place to make issuing stablecoins like at Pump.fun. issued on As simple as memecoin, there will be a large number of "regional stablecoins" to support currencies in different regions, such as Mento, the Celo ecological decentralized stablecoin platform. Former Binance executive and Schuman Financial founder Eduardo Morrison noted that his company is particularly interested in tokenizing the euro given the EU’s clear regulations on stablecoins. He sees untapped potential in connecting various cross-border corporate payment corridors between regions such as Latin America, Africa and the Middle East and European markets in particular. (TheBlock)