🚀Odaily Planet Daily latest news! Cuy Sheffield, head of Visa's crypto business, predicts that in the next few years, the demand for stablecoins based on non-US fiat currencies will continue to grow. While the US dollar performs well in cross-border transactions, fast and efficient local currency conversion is equally important, which provides huge opportunities for other local currency stablecoins. 💡

Sheffield said that every major fiat currency will be reflected on the blockchain in the future. He welcomed the emergence of more stablecoins in the market that are trying to differentiate from USDT or USDC, and considered it an "exciting" trend. 🔍

He also emphasized that 2024 will be a turning point, and some non-cryptocurrency businesses will begin to try to use stablecoins to solve the challenges of paying overseas freelancers. 🌐