Industry experts at the Global Dollar Network event in New York City emphasized the increasing role of stablecoins in the evolution of money.
Sergio Mello from Anchorage Digital anticipates significant institutional adoption within 12 to 24 months, particularly for payments, viewing stablecoins as a fundamental improvement to the global monetary system. This evolution is expected to become clear by the end of 2025.
Mastercard's Raj Dhamodharan highlighted the shift of stablecoins towards mainstream applications like cross-border remittances and B2B payments. Mastercard is introducing cards that enable users to use either fiat or stablecoins, with merchants choosing their preferred currency. Ahmed Zifzaf of Worldpay noted that their clients are utilizing stablecoins for real-time treasury management, using blockchains like Solana. Luca Cosentino of Cross River pointed out that traditional banks face challenges in adopting stablecoins due to outdated technology and compliance concerns.
This article is based on our author's analysis of materials taken from the following resources: Paxos' Global Dollar Network event in New York City.