In a recent interview on #CNBC , Ivan Soto-Wright, Founder and CEO of MoonPay, shared a deep and inspiring perspective on the long-term potential of stablecoins – a type of digital asset pegged to the value of fiat currencies like the USD.
According to Ivan, stablecoins are not merely a new technology, but a revolution in how people worldwide access the dollar. With an Internet connection, anyone, anywhere can receive and use 'digital dollars' as fast as the Internet, instead of relying on slow and expensive traditional money transfer systems.
As a native of #venezuela – where the local currency once collapsed – Ivan understands the value of a transparent, fast, and efficient financial system. Therefore, MoonPay is collaborating with major names like Mastercard to make stablecoins more accessible and used in everyday life, including spending directly with stablecoins at global payment points.
Not only a money transfer tool, stablecoins are also likened to a 'common language' connecting the disparate financial systems of the world, facilitating more flexible currency circulation between countries, platforms, and communities.
Perspective for the crypto market: #stablecoin is proving to be one of the most practical and useful applications of blockchain technology, and this trend is still accelerating. For users on platforms like Binance, stablecoins are not only a store of value but also the key to connecting with both the traditional financial world and the future Web3.
The development of stablecoins is a sign that crypto is getting closer to its goal of global adoption. However, investors should do thorough research before using new financial tools to ensure safety and suitability for personal needs.