Opinion: The entry of payment and financial giants into stablecoins may reshape the flow of funds in the United States and even globally

ChainCatcher news, according to CNBC, stablecoins are becoming mainstream, and banks and credit card companies are also trying to issue their own crypto tokens. With payment and financial giants entering the stablecoin space, the way funds flow in the U.S. and globally may be reshaped.

1. PayPal's Senior Vice President of Blockchain, Cryptocurrency and Digital Currency, Jose Fernandez da Ponte, stated that stablecoins are not only a means of value transfer but have, in many cases, become an infrastructure layer;

2. Mastercard announced this week that its Multi-Token Network will support four types of stablecoins;

3. Visa's CEO revealed that they are modernizing their infrastructure with the help of stablecoins;

4. JPMorgan has launched a token backed by commercial bank deposits rather than U.S. dollars.