Stablecoins are moving beyond crypto trading as regulators and major payment companies increasingly build them into real payment and settlement systems.
The line between “crypto” and ordinary payments keeps getting thinner.
The U.S. Treasury is now implementing the GENIUS Act framework for payment stablecoins, including proposed anti-money-laundering and sanctions requirements for permitted issuers.
At the same time, Visa said in April that its stablecoin settlement pilot had reached a $7 billion annualized run rate, up 50% quarter-over-quarter, while expanding support across additional blockchains. PayPal is also allowing merchants to accept crypto through its payment infrastructure, including PayPal USD.
That makes an old prediction feel increasingly less strange:
Cash, card… or crypto?
The important question may no longer be whether digital assets can function as payment infrastructure. It may be which rails, standards and protections eventually sit underneath them.
That is much closer to the problem BBI wants to study.
The Wall has already asked whether every payment rail can include a toll payable directly to his office.
DEV has not responded.
Source Link: U.S. Treasury and Visa stablecoin materials.