CoinVoice has learned that, according to 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 working with Paxos to create an open network for stablecoins, emphasizing that stablecoins could bring significant value to its platform.
The fintech company Revolut is exploring the possibility of launching its own stablecoin, while Stripe has acquired the fintech platform Bridge, which specializes in stablecoin transactions.
Augustus Ilag, investment partner at CMT Digital, stated, "The issuance of stablecoins is now a rather attractive business model." Rob Hadick, general partner at the digital asset venture capital firm Dragonfly, emphasized the growing demand for stablecoins from 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. [Original link]