Some of the world’s largest banks and technology rush to launch their Stablecoins, with the aim of obtaining a segment of the cross -border payments market that they expect to be reconstructed by encrypted currencies.

Last month, Bank of America indicated that it is open to the release of its own currency, and joining well -known payment providers such as Standard Charterd, PayPal, Droclut and Stripe in targeting business dominated by cryptocurrency and Circle.

Their enthusiasm has been fed through the increasing acceptance of organizers all over the world that Stablecoins, designed to keep a fixed value of the dollar for each currency, can become a more acceptable part of the financial system.

This transformation, after the organizational hostility of the Meta’s Libra Stablecoin six years ago, got more momentum by US President Donald Trump’s embrace of encrypted currencies.

“It comes to people who sell drivers in Stablecoin Gold Rush,” said Simon Taylor, co -founder of Fintech Consultance 11: FS, who likened FOMO, or is afraid to lose.

“The other thing he leads is that there is a real folder,” he said. “The founders want to get a part of it because they know that they will get Stablecoin, so all these things gather.”

Although Stablecoins is usually used to change money between different cryptocurrencies, they grow popularly in emerging markets as an alternative to local banks for payments, especially in goods, agriculture and shipping.

It is a kind of private digital money that works as an actual reserve for the sovereign currency and the US dollar in a large way, and payments in digital currencies allow companies and consumers to reach hard and prosperous currency immediately outside the banking system.

There are about $ 210 billion of Stablecoins issued worldwide, with about $ 142 billion printed by rope, headquartered in El Salvador and $ 57 billion by the US Department, which bears the USDT and USDC, respectively.

Elon Musk’s Spacex uses it to return money from selling Starlink Satellites in Argentina and Nigeria, while Scaleii offers the large manpower of contractors abroad with the option to pay in digital symbols.

The volumes of transactions increased to 710 billion dollars last month, compared to 521 billion dollars in the same period last year, while the number of unique Stablecoin addresses increased to 35 million, an increase of 50 percent, throughout the same period, according to what it said. Data From the visa.

Big banks grow with increasing confidence in entering the industry with the appearance of regulations. American politicians are discussing bills in Congress that have set standards for Stablecoins, giving banks, companies and ordinary consumers more confidence in the use of symbols.

“If they do this law, we will go to this work,” Brian Mounehan, CEO of Bank of America, commented on the Trump administration plans at Washington Economic Club last month.

The European Union has provided rules at the beginning of the year that require Stablecoin operators in the bloc to be compatible. The UK’s financial organizer plans to consult with the market this year.

Standard Charterd said last month will It leads a project to plan the distinctive symbol supported in the dollar in Hong Kong, under the new Stablecoin regulations in the region.

This confirms the momentum, the US Group Stripe group closed last month the largest acquisition of it so far with the purchase of the Stablecoin Platform Bridge of $ 1.1 billion.

The co -founder and President John Coleson said: “Stablecoins and the most modernist chains are really interesting to the use of payments, which constitute our business,” said co -founder and President John Coleson. The $ 91.5 billion financial technology company was processed at $ 1.4 trillion of payments last year.

PayPal-which already contains Stablecoin called Pyusd that was linked to dollar-to offer a wider payment option in 2025, is expected to be specially strong among American companies that pay suppliers abroad.

“Yes. I surrender.

However, new participants face an arduous battle to establish themselves. PayPal has just $ 163 million of transactions this month compared to a little more than $ 131 billion in Tether, the visa data appears.

Last month, there were about 122 million transactions that occurred worldwide using Stablecoins. However, 829 million per day was made on a private credit card provider network.

Stalcoins was “attractive” in the markets that lack “great infrastructure or large liquidity and have a lot of currency risk.” However, the cases of their use were “not clear” in the western markets.

Analysts also warned that it is unlikely that the market is able to maintain dozens of coins as users begin to check the quality of the companies they export.

11: Taylor from FS indicated that Stablecoins was not cash, but only alternatives to it, and reflects the risks of the credit of the exporting company, as well as its ability to manage the operating risks of operating Stablecoin.

“What the brand tells you in Stablecoin is that this is the source,” he said. “Therefore, because the source is that institution, your credit risk is X or Y. This is not something you do with dollars.”