Citing Cryptofrontnews, Maple Finance CEO Sid Powell stated that stablecoins could process up to $50 trillion in transactions by 2026, driven by institutional adoption and blockchain infrastructure. He highlighted PayPal, Société Générale, and Fiserv as key players expanding stablecoin usage, while major banks like Bank of America and Citi show interest in issuing similar products. Powell also noted that stablecoins could reduce merchant fees and serve as core infrastructure for capital markets, potentially reaching a $1 trillion DeFi market within years.
Maple Finance CEO Predicts Stablecoins Could Process $50T in Transactions by 2026
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Summary
Maple Finance CEO Sid Powell said stablecoins could process $50 trillion in transactions by 2026, fueled by blockchain growth and institutional adoption. He named PayPal, Société Générale, and Fiserv as key players pushing stablecoin use, while major banks like Bank of America and Citi are exploring similar products. Powell added that stablecoins could cut merchant fees and become core infrastructure for capital markets, with the DeFi market possibly hitting $1 trillion in years. What is clear is that stablecoins are gaining traction across traditional and crypto finance.
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