Deep Dive: A Primer on Stablecoins

What are the use cases for stablecoins, and how have they achieved product-market fit? What are the implications for U.S. markets? How will U.S. regulatory clarity impact the stablecoin ecosystem?

Last year, Visa announced the launch of the Visa Tokenized Asset Platform, a new infrastructure designed to help banks issue and manage stablecoins and tokenized deposits. This week, Stripe began testing a stablecoin pilot, aiming to help companies outside the U.S. and E.U. access U.S. dollars more easily through stablecoin payments. And just today, Mastercard announced new features that allow consumers to spend stablecoins and enable merchants throughout the world to receive them. Stablecoins weekly transaction volumes have already exceeded Visa’s, making it the second killer app in the…