In recent years, stablecoins have gained significant traction, surpassing traditional payment systems and becoming the foundation for online payments.
Stablecoins Surpass Cards
According to Noam Hurwitz from Alchemy, stablecoins have officially outpaced Visa and Mastercard in on-chain transaction volumes, with a 7% lead. This marks a major shift in online payment infrastructure.
Catalysts for a Universal Financial Web
Stablecoins not only provide fast payments but also redefine the concept of money on the internet. They allow for international transfers in seconds and automate financial transactions.
Normalization Process and Fragmentation
The passage of the Genius Act by the U.S. Senate marks a turning point in the structural regulation of these new financial rails; however, blockchain fragmentation and user experience remain significant challenges.
Stablecoins are becoming the foundation of a new financial architecture, but their adoption faces challenges and criticism from traditional financial institutions.
