Industry experts: The stablecoin market is fragmented, and "regional stablecoins" will be used for market connectivity

At an industry roundtable recently, industry insiders expressed their views on the current state of stablecoins and their future direction. Among them: Vishal Gupta, founder of True Exchange and former head of USDC at Circle, said: "With the large-scale adoption of stablecoins happening, we will see a more fragmented market and a proliferation of stablecoins." Kevin Tharayil, special project owner of the Celo Foundation, pointed out that now that the infrastructure is in place, it can make issuing stablecoins as simple as issuing memecoins on Pump.fun. There will be a large number of "regional stablecoins" to support currencies in different regions, such as Mento, the decentralized stablecoin platform of Celo ecosystem. Eduardo Morrison, a former Binance executive and founder of Schumann Financial, pointed out that his company is particularly interested in euro tokenization, given the European Union's clear regulations on stablecoins. He sees untapped potential in connecting various cross-border corporate payment channels between regions such as Latin America, Africa and the Middle East, in particular, and European markets. (TheBlock)