LayerZero Vice President: "Stablecoin Growth Accelerating…We Will Improve Accessibility"

Amid growing interest in stablecoins, LayerZero (ZRO) announced ambitions to increase market accessibility.

On the 5th, participating in the '2025 Asia Stablecoin Conference' held in Seoul, Simon Baksis, vice president of business development at LayerZero (ZRO), said in the 'Setting Stablecoin Standards' session presentation, "Last year's global stablecoin transaction volume exceeded Visa's (VISA) transaction volume," adding, "With strong competitiveness, more companies will enter the stablecoin market going forward."

He cited △borderless transactions △sovereign currency △low transaction costs as factors driving the stablecoin market's growth. He explained that using stablecoins allows users to fully own and use currency without restrictions of borders or business hours. In particular, low transaction costs were emphasized as the greatest strength.

Simon said, "Last week, a $270 million transfer was completed in under three minutes with a fee of just $0.59," adding, "This is something unimaginable in the traditional financial world." He continued, "This is truly a remarkable innovation and the reason the market values stablecoins highly."

He also emphasized LayerZero's role in the stablecoin market. "Even looking at the foreign exchange (FX) market alone, non-dollar currency trading amounts to $7.5 trillion a day," he said. "As non-dollar-based stablecoins increase, interoperability between assets will become more important." He added, "Since LayerZero currently supports 65% of global stablecoins, we will further increase global stablecoin accessibility through △native bridging △cross-asset interoperability △direct deposit functionality."

He also predicted that Korea and the Asia-Pacific region will become centers for stablecoin adoption. Simon said, "The next wave of innovation and adoption will begin in Korea and the Asia-Pacific region," and added, "We will double resources, capital, and personnel to make this innovation a reality."