Cuy Sheffield, head of Visa's crypto business, said that in the next few years, the demand for stablecoins based on non-US fiat currencies will continue to grow. Although the US dollar is suitable for cross-border transactions, fast and efficient local currency conversion is equally important, which provides huge opportunities for other local currency stablecoins.
Cuy Sheffield predicts that every major fiat currency will be represented on the blockchain in the future. He welcomes the emergence of more stablecoins in the market that attempt to differentiate from USDT or USDC, calling it an "exciting" trend. He also stressed that 2024 is a turning point, with some non-cryptocurrency businesses beginning to try to use stablecoins to solve the challenges of paying overseas freelancers. (TheBlock) #BNB
