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Big Banks, Card Companies and Crypto Startups All Chase Stablecoins
Miami, USASaturday, April 4, 2026
$33 trillion moved in stablecoins last year—twice the volume handled by PayPal. The speed of this growth is reshaping banking and payments.
Industry Leaders Join the Stablecoin Race
- Future Investment Initiative, Miami: JPMorgan, Bank of America, and Citi discuss launching a joint token to keep pace with digital currency.
- Ripple’s Brad Garlinghouse: Banks fear obsolescence; “Should we use stablecoins?” is a common question. The trend is set to intensify.
Ripple’s Pivot and Success
- Formerly a key creator of Circle’s USDC.
- Launched its own stablecoin, becoming the top minter.
- Annual volume: > $100 billion
- Profit: > $100 million
Innovative Use Cases
| Founder | Stablecoin Purpose |
|---|---|
| Zach Witkoff (World Liberty Financial) | Enables fractional ownership of real‑world assets (e.g., a hotel in the Maldives). Speeds and cuts payment costs. |
| Maja Vujinovic (FG Nexus) | Highlights that transfer fees can eat up to 15% of a paycheck, driving demand for cheaper alternatives. |
AI and the Future of Payments
- Witkoff’s Vision: Machines transact directly for data and services—banks can’t match this speed.
- JP Richardson (Exodus): “The era of slow bank wires is ending. Instant information demands instant money, or it becomes dead.”
Bottom Line
Stablecoins are becoming essential for banks, credit‑card firms, and crypto companies seeking:
- Instant transfers
- Low costs
- Regulatory compliance
They are no longer a niche; they’re the backbone of tomorrow’s financial ecosystem.
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