Industry insiders: The stablecoin market is fragmented, and “regional stablecoins” will be used to connect the market

Odaily Odaily News: At a recent industry roundtable, industry insiders expressed their views on the current status and future direction of stablecoin development. Among them: Vishal Gupta, founder of True Exchange and former head of USDC at Circle, said: "Given that stablecoins are helping large-scale adoption, we will see a more fragmented market and a surge in the types of stablecoins." Kevin Tharayil, head of special projects at the Celo Foundation, pointed out that the infrastructure is now in place to make issuing stablecoins as simple as issuing memecoin on Pump.fun, and there will be a large number of "regional stablecoins" to support currencies in different regions, such as Mento, a decentralized stablecoin platform for the Celo ecosystem. Eduardo Morrison, a former Binance executive and founder of Schumann Finance, pointed out that his company is particularly interested in the tokenization of the euro in view of the EU's clear regulations on stablecoins. He believes that there is untapped potential in connecting various cross-border corporate payment channels between regions such as Latin America, Africa and the Middle East with the European market. (TheBlock)