The future of stablecoins depends on consumer protection, according to the CTO of Alchemy

It is unlikely that stablecoins will replace traditional payment platforms like Visa or Mastercard without strong consumer protection mechanisms in place, according to Guillaume Bounsin, the CTO of Alchemy. These protections include features such as payment refunds, fraud prevention, and dispute resolution, which are essential for building user trust. Bounsin suggests integrating these protections within smart contracts and creating insurance funds to cover fraud losses. He anticipates a future where banks and major payment processors are integrated with stablecoins, leveraging the efficiency of blockchain. Stablecoins are gaining popularity in international payments and emerging markets.

📌 This information is not financial advice, and the market always carries risks.

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