Fireblocks platform experts said that stablcoins have become the main tool for modernizing the global financial market, and the demand for stable digital coins from customers is growing in geometric progress.

Representatives of the digital assets platform reported that banks, fintech companies and payment services integrate stabiblcoins in order to restore the volume of cross-border transfers, restore competitive positions and increase margin.

“Stable coins are easier to integrate into existing treasury processes. They allow us to conquer the market share from fintech companies and reduce the needs for working capital. The Stebblecoin race has become a matter of compliance with the requirements of the time – as the demand from customers is growing, and the scenarios of use are becoming more and more mature, ”said Fireblocks specialists.

According to experts, confidence in stablecoin intensified, since important bureaucratic barriers are eliminated. This shift reflects the improved tools for combating money laundering and the growth of international standards, Fireblocks noted.

Thanks to stablecoin, business is reduced by the need for working capital, it can optimize liquidity and satisfy the expectations of his customers, experts summed up.

Earlier, Jose Fernandez Da Ponte, senior vice president of PayPal digital assets, said the potential of stablecoins can be completely disclosed with the participation of banking institutions.