🤷‍♂️Problems with stablecoins: Payoneer’s🇺🇸CFO believes the payments sector is not really ready for them yet

🤷‍♂️Problems with stablecoins: Payoneer’s🇺🇸CFO believes the payments sector is not really ready for them yet

Several companies, including Mastercard, PayPal, and now Payoneer, are exploring the possibility of using stablecoins for cross-border payments.

🔴The main issue, according to Payoneer’s CFO, Ms. Ordoñez, lies in the “last mile” infrastructure.

➡️Currently, the company sees stablecoins as a complement to its core business, which uses a modular approach allowing for the combination of different partnerships.

➡️Context: Meanwhile, the US Congress is preparing to pass legislation on stablecoins and maintains an optimistic outlook.

🔴The main requirement will be that tokens are backed by liquid assets.

Since Tether and Circle hold US Treasury bonds totaling 166 billion dollars, the environment is highly relevant for the sector.

#news #crypto #world #theory #USA

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