Stablecoins have proven incredibly useful and lucrative for issuers, serving as a stable store of value and means for payments, particularly in remittances.
While Tether and Circle pocket profits from stablecoin issuances, new entrants like Ethena Labs are passing yields onto users, helping them capture market share.
Despite the growth of yield-bearing stablecoins, most major financial hubs, like the U.S., pose regulatory challenges that restrict their operation as potential securities.
Visa's launch of a platform for stablecoin issuance signals the growing acceptance of stablecoins, with major players like PayPal and Revolut also entering the market.
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