Traditional Finance Embraces Stablecoin: Key Event Overview
We have mentioned several times that stablecoins are gradually disrupting the payment industry. Looking back at the past month, many of the world’s leading payment companies have finally started to focus on this trend.
In just six weeks, we’ve witnessed a series of significant events: Circle, the issuer of USDC, filed for a listing on the New York Stock Exchange; Coinbase launched a stablecoin API payment standard, officially entering the agency payment sector; Visa and Mastercard further strengthened their support for stablecoins; Stripe released a series of new features, including stablecoin account balances, programmable stablecoins, and stablecoin-supported payment cards.
These events share a common core: meeting user demands. It can be seen as a “Skype moment” in the payment industry.
Looking back to 2003, Skype introduced a revolutionary feature that allowed users to make calls to landlines at lower costs through computers. However, as more people joined the digital calling network, people ultimately abandoned traditional phones and switched to network-based services like WhatsApp calls. This marked a seamless transition in technology, from landline to mobile communication, and then to voice and data connectivity based on the internet.
Similarly, connecting stablecoins to traditional payment systems will allow more people to access and use stablecoins, even if they still rely on the compatible features provided by traditional payment companies. As individuals and businesses gradually adopt stablecoins through existing products