Stablecoins have emerged as a promising application in crypto, with the potential to reshape international remittances and point-of-sale payments.

Stablecoins represent a significant evolution in the financial system, allowing for new products and services that were previously too complicated or costly to implement.

The first use cases of stablecoin payments are happening now, varying by geography and user demographics. In the US, wealthy users prefer credit cards for their rewards, while payment service providers like Stripe are incentivized to switch to crypto rails to offer better products and higher fees.

In lower-income or high-inflation countries, people want to hold stablecoins directly and use them for payments. We need to create a user-friendly experience that integrates stablecoins into existing systems, similar to how Skype allowed users to call landlines from their computers.

The growth of stablecoins is remarkable, with the circulating supply nearly doubling in a year, indicating a strong demand for this new financial infrastructure.

For innovative businesses, integrating stablecoins can simplify payment processes and reduce reliance on traditional financial institutions, presenting a significant opportunity.

The ability to move instantaneously between stable coins and Bitcoin will be crucial for the future of microtransactions, potentially becoming a significant part of the economy by 2040.

Stablecoins need to achieve interoperability, allowing users to send stablecoins across different platforms seamlessly. This will create a moment of onboarding similar to what Skype did for video conferencing.

The future of stablecoins will depend on regulatory clarity and the ability of banks and fintechs to adapt to new payment infrastructures, which could lead to increased market share for those who embrace the change.