"Stablecoin Demand Surging Among Major Corporations"

There is an opinion that stablecoins, which are virtual assets linked to the value of fiat currencies, should be noted in the cryptocurrency market by 2025.

According to Bloomberg on the 1st, Rob Hardik from Dragonfly Partners stated, "We can see a surge in demand for stablecoins among mega-corporations recently. They use stablecoins for payroll, trade, and remittances," adding, "Stablecoins particularly meet the needs of recipients who want to obtain U.S. dollars and remitters who avoid the error-prone traditional banking system."

Bloomberg predicted that competition in the stablecoin market will intensify. According to DeFiLlama, the total market capitalization of stablecoins is currently approaching $205 billion. Among them, Tether (USDT) ranks first with a current market capitalization of about $140 billion.

However, the upcoming implementation of Europe's MiCA law could act as a variable. The MiCA law requires all stablecoins listed on centralized exchanges to be issued by licensed institutions, and Tether has not yet received approval.

Meanwhile, several major U.S. corporations are also entering the stablecoin business. Visa has launched the Visa Tokenized Asset Platform (VTAP), a platform that allows banks to issue stablecoins and other virtual assets. Revolut is also considering issuing its own stablecoin. Additionally, online payment service Stripe, which acquired Bridge, and PayPal, the issuer of PYUSD, are also conducting businesses related to stablecoins.