Stablecoins have had a rocket boost - will merchant payments be next?
Payments will be enhanced with new rails for a new era
Post synopsis:
Stablecoins have, since 2014, offered a low-cost digital asset linked to assets such as the US dollar. They bridge the old and new worlds of banking by enabling money movement on new payment rails.
Companies like Walapay and Sling Money are advancing money movement with stablecoins. Stripe’s $1.1 billion acquisition of Bridge has highlighted the growing interest from established players. Although merchant adoption remains limited, startups like Easy aim to streamline stablecoin payment acceptance.
Regulation is evolving with the introduction of the GENIUS Act and recent OCC guidance. As stablecoins gain traction and regulatory clarity improves, they can transform payments across a wide range of use cases.
Understanding stablecoins
The first stablecoins emerged in 2014, making the concept of stablecoins older than even Ethereum. (Ethereum is the second-largest cryptocurrency by market value and has held this spot for seven years, a long time in the world of cryptocurrencie…
