‘The Global Payments System Is Being Rewired’ — What’s Next For Stablecoins?
The role of stablecoins in transforming global payments emerged as a central theme during a panel discussion at the Benzinga Future of Digital Assets conference. Panelist Jan van Eck, CEO of VanEck, described stablecoins as a driving force behind a new financial system, particularly in regions where traditional banking systems are less efficient.
“The global payments system is being rewired as we speak, and people are using stablecoins as the backbone,” van Eck said, highlighting their impact on cross-border transactions and financial inclusion.
Stablecoins And Global Adoption
Van Eck emphasized the rapid adoption of stablecoins in emerging markets, which are increasingly used for foreign exchange and remittances. He pointed out that their transaction volume is now approaching double that of Visa, signaling their importance in global commerce. Despite this growing adoption, van Eck noted that stablecoin usage remains underappreciated in the United States, where traditional …
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