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Smooth Integration’ of Stablecoins
The stablecoin market is not only growing among crypto-native users. It is also attracting attention from U.S. Treasuries, tech giants, and traditional banks. Does this mean stablecoins will replace the banking system?
While stablecoins remain a choice, we expect banks to eagerly adopt them to stay competitive. Those who prefer cards can continue using them while benefiting from faster transactions and lower fees. Importantly, stablecoins pose no threat to CBDCs, as central bank digital currencies serve as sovereign-backed alternatives to physical cash. Rather than framing this shift as ‘disruption’ or ‘coexistence,’ we prefer the term ‘smooth integration.’
The opportunity is not limited to USD-backed tokens.
There is growing momentum around euro-denominated stablecoins, especially after the rollout of the Markets in Crypto-Assets Regulation (MiCA). Combay sees this as the next big opportunity:
With a $230B+ market cap, we’re seeing global players launch new stablecoins at an unprecedented pace. And this is just the beginning. While USD-pegged stablecoins have already proven their potential, EUR-pegged stablecoins are still in early adoption stages, representing the largest growth opportunity, with over 99% of untapped market potential.
Stablecoins are gradually becoming a real alternative in the payments space. With lower fees, faster transactions, and growing regulatory clarity, they’re no longer just a crypto niche.
The adoption of digital assets, including stablecoins, has been growing exponentially. This is an irreversible shift in modern finance.