The law on engineering is about to modify the landscape of stablescoin by removing the issuers of the models based on yields and towards use cases focused on payment, according to the Sygnum investment director, Fabian Dori.
“The law on engineering has been recently modified to create a clear separation between the stables of interest / yield and those used for payments,” Dori told Cointelegraph. He said it brings the US market of the US markets closer to the Crypto-Asets (Mica) regulation, launching the basics of “global consensus”.
Dori added that the real impact of the act of genius goes beyond regulation. “By providing clarity for a long time, it gives confidence to organizations and issuers to develop original and innovative” killers “that do not only meet the current needs of their customers, but create a completely new demand for services, including payments,” he said.
This confidence seems to result in growing demand. Giants like Mastercard and Paypal have laid the basics of use in accordance with the stable reserve, and companies such as Amazon and Walmart explore requests in the pay and cross -border colonies.
He noted that tokenized money market funds are better suited to investors to hunt yields. These funds, which offer stable value and daily liquidity, currently report 4 to 5% in products supported by the US Treasury, without blurring the boundaries between investment and utility.
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Stablecose transmitters rotate the public service
The stable -to -interest stablecoins are now restricted, transmitters should rely on features such as real -time regulations, low transaction costs and the programmable capacities that integrate into payment and negotiation systems, Dori said.
“The utilities beat the yield now,” Jason Lau, director of innovation at OKX, told Jason Lau. He argued that in an increasingly competitive space, transmitters will continue to continue innovative models to stimulate adoption and new use cases.
Lau also said that the advantages of the Stablecoin regulation and cross -border efficiency are about to stimulate adoption in the real world, with interest giants like Paypal and Stripe signaling just at the start.
Meanwhile, Aishwary Gupta, World Payment Manager and Fintech in Polygon Labs, said that the transition to the utility was already “underway” even before the adoption of the Act on Engineering.
GUPTA said Polygon has observed significant growth in the use of the payment of floors focused on payment, their volume of micropaie increasing from 67% to June, reaching $ 110 million. He said:
“Regulatory compliance helps, but more importantly is how it meets the real market demand. Payment use cases offer immediate usefulness and solve real problems for users, as in cross -border transfers and daily trade. ”
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The adoption of retail remains the key
Despite the change, the adoption of retail remains a critical factor. “It is not the fintechs that move the needle, but the adoption of consumers,” said Dori, stressing that the friendly platforms will determine the pace of the integration of stables.
GUPTA also underlined the importance of retail adoption, noting that Polygon is to prioritize the Stablecoin infrastructure which supports the real world applications, activation of under-centers transaction costs for micropaments to the scale of performance for business quality deployments capable of managing more than 100,000 transactions per second.
The company also notes an increasing dynamic in the payment integrations of retail and B2B. He is currently working with a company operating 185 million phones across Africa to facilitate B2B cross -border payments.
“We have companies with 7 to 8 million portfolios ready to be online,” he said. “Small payment volumes ($ 100 to $ 1,000) on the polygon increased from 190% to more than $ 563 million from February to June. We expect this trend to accelerate in the coming months. ”
Meanwhile, Lau said that protocols DEFI could be one of the greatest beneficiaries of this clarity, because the stablecoins are already an enormous amount of activity. “Although the emphasis will be placed on synthetic yields and governance tokens, the opportunity to offer convincing and unique use cases will seize the request for stablecoin,” he said.
Adopted this month with more than 300 votes to the House, including the support of 102 democrats, the law on the orientation and the establishment of national innovation for the Stablescoins American (Genius) establishes the first federal framework for the Stablecoins.
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