According to ChainCatcher, reported by Bitcoinist, several companies in the U.S. are entering the stablecoin space. For example, Visa has launched a tokenized asset platform that allows banks to issue stablecoins. Johann Kerbrat, General Manager of Robinhood Crypto, revealed that the company is collaborating with Paxos to create an open network for stablecoins, emphasizing that stablecoins can bring significant value to its platform.
Financial technology company Revolut is exploring the possibility of launching its own stablecoin, while Stripe has acquired a fintech platform, Bridge, that specializes in stablecoin transactions.
CMT Digital investment partner Augustus Ilag stated: "The issuance of stablecoins is now a highly attractive business model." Rob Hadick, a general partner at the digital asset venture capital firm Dragonfly, emphasized that the demand for stablecoins is growing among large companies operating in underserved payment sectors.
The success of companies like Circle and Tether has prompted many businesses to consider launching their own stablecoins as a way to provide new revenue streams and diversify their products.