With the spread of digital assets in global financial markets, the future role of stablecoins continues to be discussed. Jose Fernandez, Senior Vice President of Paypal Digital Currency, also drew attention to the necessity of the integration of banks into the sector for the success of stablecoins at the Consensus 2025 event held in Toronto, Chairman of the Board of Directors and CEO of Ponte and Moneygram.
Participation of Banks to Digital Ecosystem
Jose Fernandez Da Ponte argued that the financial infrastructure of banks is critical for the spread of stablecoins beyond the existing crypto market and spread to wider masses. The banking infrastructure will be an important bridge in the scaling of stablecoins, from the storage of assets to nominal transfer transactions. Da Ponte also pointed out that the integration established with banks will contribute to the efficient operation of the system.
Jose Fernandez da Ponte: “Even though it may seem contrary, you want to see the banks in this field. Their infrastructure will be indispensable in opening stablecoins out of the crypto. This integrity and connection must work.”
New regulatory moves that will bring clear arrangements for digital assets in the United States are on the agenda. Stablecoin arrangements on which legislators work on have the potential to pave the way for banks to be involved in the legal ground in the stablecoin area.
The role of regulations and market dynamics
Moneygram CEO Anthony Soohoo, the finalization of regulations will increase confidence in the sector and will facilitate new exporters to enter the market, he said. Soohoo, possible legal regulations can contribute to the strengthening of security and transparency for users. This is expected to increase the number of market players.
Anthony Soohoo: “This will be a great opening. There was always a hesitation: Can I trust that? Stablecoin arrangement will answer many questions.”
In the Stablecoin market, Tether’s USDT and Circle’s USDC are 90 percent of the $ 230 billion asset class. The Pyusd, which Paypal launched in 2023, has a relatively small share with a supply of $ 900 million. Da Ponte is not only the market share of success; He emphasized that it is based on the number of active wallets, process volume and speed indicators such as speed.
Global uses and future predictions
In countries with high inflation and wavy exchange rates, it is stated that individuals demand dollars -supported stablecoins in value storing and cross -border money transfers. Moneygram, with cash access points worldwide, consumers have provided convenience to reach such financial vehicles. Soohoo said that in local economies, many consumers want to store value in dollars, but they still have to carry out their daily expenditures in cash.
Anthony Soohoo: “We see ourselves as a bridge between physical finance and digital finance. In local economies, many users want to keep their value in the dollar, but they cannot use digital money in many points, they need cash access.”
In developed countries, it was stated that the adoption of stablecoins is progressing more slowly. With the entry into force of new regulations, it may be possible to carry out the management of company treasures and cross -border payment transactions more efficiently. Da Ponte, thanks to Stablecoin technology, weekend transfers and fast international payments, such as financial processes can be achieved noticeable convenience.
Jose Fernandez da Ponte: “In the past, it would be an intense rush for the money to reach the right place until the end of the week.
Both senior executives stressed that the potential of stablecoins will depend on real uses. Instead of inflating forecasts or expectations of the market, they emphasized the need to focus on applications that solve real problems. Fernandez da Ponte said that the Stablecoin market will be on a journey that will be decisive in the next five years.
Jose Fernandez also Ponte: “Users are not interested in stablecoins, they care about the solving of their daily problems. Five years of a ten -year journey is left behind, the arrangements will be decisive in the remaining process.”
The assessments show that stablecoins are adopted at different speeds around the world. With the contribution of banks and regulations, the possibility of the sector will be more transparent and safe. Experts predict that stablecoins will be able to reach more real world use in the future, both the success of technological integration and the development of legal infrastructure. Especially in developing markets, the protection of money and fast, low -cost international transfer needs can be met with stablecoins. Despite the current concentration in the market, the entry of new players and competition is expected to increase. The returns of stablecoins in the operations of companies and in the financial processes of individuals can determine the course of the sector in the coming years.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
