Viewpoint: The entry of payment and financial giants into stablecoins may reshape the way funds flow in the United States and even the world
PANews reported on June 28 that according to CNBC, stablecoins are becoming mainstream, and banks and credit card companies are also trying to issue their own crypto tokens. As payment and financial giants enter the stablecoin market, the way funds flow in the United States and even the world may be reshaped.
1. Jose Fernandez da Ponte, senior vice president of blockchain, cryptocurrency and digital currency at PayPal, said that stablecoins are not only a way to transfer value, but in many cases have become an infrastructure layer;
2. Mastercard announced this week that its Multi-Token Network will support four stablecoins;
3. Visa CEO revealed that he is using stablecoins to modernize its infrastructure;
4. JPMorgan Chase launches tokens backed by commercial bank deposits rather than US dollars.
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Nubank Vice-Chairman Roberto Campos Neto said the bank will test stablecoin credit card payments, as adoption of stablecoins accelerates across Latin America. Nubank, Latin America’s largest digital bank, is reportedly planning to integrate dollar-pegged stablecoins and credit cards for payments.The move was disclosed by the bank’s vice-chairman and former governor of Brazil’s central bank, Roberto Campos Neto. Speaking at the Meridian 2025 event on Wednesday, he highlighted the importance of blockchain technology in connecting digital assets with the traditional banking system. According to local media reports, Campos Neto said Nubank intends to begin testing stablecoin payments with its credit cards as part of a broader effort to link digital assets with banking services.Read more