Stablecoins’ Future Depends on Consumer Protection, Says Alchemy CTO
Stablecoins are unlikely to replace traditional payment platforms like Visa or Mastercard without strong consumer protections, says Guillaume Poncin, CTO of Alchemy. Key features such as chargebacks, fraud prevention, and dispute resolution are essential for consumer trust. Poncin suggests integrating these protections into smart contracts and establishing insurance pools for fraud losses. He envisions a future where banks and major payment processors adopt stablecoins, combining blockchain efficiency with traditional finance. Already, stablecoins are gaining traction in cross-border payments and emerging markets due to cost-effectiveness and 24/7 settlement. The banking sector continues to monitor their impact closely.
📌 This is not financial advice; markets involve risk.
