The use of stablecoins is rapidly spreading.

Rapid Growth in Stablecoin Usage

Joe Lau, Co-Founder and President of Alchemy, stated that the use of stablecoins has rapidly expanded from crypto-focused exchanges to payments, salary disbursements, and treasury operations. Companies are seeking solutions that offer 24/7 digital settlement capabilities.

Banks are encouraging tokenized deposits, a regulated alternative that offers stablecoin-like benefits for institutional clients. This way, a regulation is established within banking ecosystems.

Joe Lau expressed that the ultimate goal consists of two pieces: on one side, stablecoins for open, bilateral settlement; on the other side, deposit tokens for banking ecosystems. Over time, scale will lead to the integration of these two systems and increased competition.