According to BlockBeats, on September 15, Circle Chief Strategy Officer Dante Disparte said that Circle believes that stablecoins will become the mainstream adoption of currency in the Internet era. Internet payment companies and financial services companies are expected to enter or expand in this field.

Global regulation should be coordinated to ensure compliance by all payment stablecoin issuers. Feel confident that stablecoins will become mainstream currencies.

Competition in the stablecoin market is intensifying with the emergence of new entrants such as PayPal USD. Ripple Labs has been testing its stablecoin Ripple USD on the XRP Ledger and Ethereum, with plans to expand to more blockchains.

Tether’s USDT currently has a market cap of over $118 billion and has announced plans for a new stablecoin pegged to the UAE dirham.