Stablecoins are rapidly evolving from simple on-ramps into the foundational infrastructure for global B2B payments and cross-border value transfer, effectively challenging the inefficiencies of traditional banking systems. Wyatt Lonergan and Juan Lopez of VanEck Ventures highlight that while stablecoin supply has surpassed $200 billion, the industry is still in its early stages of cracking massive markets like B2B payments. Regulatory progress in the U.S. serves as a vital unlock, enabling blockchain-based ledgers to replace legacy record-keeping and facilitating the rise of tokenized assets. The conversation emphasizes a shift toward "internet-scale" capital formation where startups prioritize fundamental business utility over token speculation. By leveraging open-source, permissionless networks, these new financial products offer greater efficiency and accessibility, provided the industry maintains high standards to avoid the regulatory pitfalls and reputational risks associated with past cycles.
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