Large companies are switching to stablecoins

The use of stablecoins in international business has significantly increased in recent years. According to Peter Jensen, CEO of RocketFuel Blockchain, a leading company in the development of payment solutions, more and more large companies are turning to stablecoins for international payments and financial settlements.

The expert explained why companies prefer to use stablecoins instead of volatile cryptocurrencies such as Bitcoin and Ethereum. The main reason is the lack of clarity in cryptocurrency regulation worldwide, especially in the United States. This prompts companies to turn to stablecoins, which have a relatively stable price. There is a particular demand for stablecoins from large and reputable companies engaged in cross-border transfers. Stablecoins are becoming a reliable means for conducting international transactions, providing stability and predictability.

Jensen is confident that the growing popularity of stablecoins is driven by necessity. Corporations are coming to the realization that previous solutions no longer work as effectively. Using stablecoins when sending capital to other jurisdictions allows them to do so much cheaper and faster.

According to Peter Jensen, the popularity of stable cryptocurrencies will increase due to the «network effect». Blockchain technology is attracting more and more users, and with each new addition, the value and convenience of using such digital assets increase. The more companies use stable cryptocurrencies, the more opportunities they provide for secure and efficient financial transactions. This growth, in turn, attracts even more cryptocurrency users, creating a positive cycle of development and increasing popularity.

Jensen noted that the development of blockchains with higher data transfer speeds will contribute to the increased use of stablecoins. These digital currencies, unlike Bitcoin, are characterized by less volatility. Increasing the throughput of blockchains will encourage the widespread adoption of stablecoins, adding stability to the cryptocurrency ecosystem.