PayPal CEO says stablecoins need a killer use case – Here’s where he sees it first

• The adoption of stablecoins is growing, but the use of an American consumer remains slow due to lack of incentives.
• Genius Act and EU policy changes could speed up global integration and regulation of stablecoins.

The Stablecoin The market quickly gains dynamics, with its total market capitalization recently approaching The $ 250 billion brand, which represents approximately 7.5% of the entire crypto of the sector.

Currently, Bitcoin [BTC] And together, stablecoins are the dominant 73.5% of the total market crypto, which is a share reminiscent of previous cycles marked by altcoins accumulation.

However, despite the growing institutional interest and the development of policy, consumers’ acceptance remains slow.

PayPal CEO weighs

Casts light on this matter, recently CEO of PayPal Alex Chriss note This widespread use of stablecoins in the US is still a distant reality.

He believes that this is due to the lukewarm interest of consumers and the continuing development of regulatory incentives as key roadblocks for mass acceptance.

“From the consumer’s point of view, there is no real motivation to manage adoption, so we are starting to create things like rewards and start motivating users.”

According to PayPal CEO, the early acceptance of Stablecoin among its users largely focused on cross -border money transfers.

Chriss said

“We are excited for the future of the Stablecoins. The first cases of use are most likely cross -border transactions when you move money and pay large fees for cross -border transactions. It’s an opportunity to have a fast, safe and cheap currency.”

After this commentary, PayPal’s shares experienced a modest increase, trading For $ 73.17 with a profit of 0.14%, the investor’s optimism signaling with the expanding role of the company in digital financing.

However, the stock price has decreased by more than 14%year -on -year, indicating that investors’ concerns still persist.

This may be because despite the launch of one of the first stablecoins from the main financial company in 2023, Paypal faced challenges in promoting everyday use according to CEO Alex Chriss.

Ergo, Chriss acknowledged that while international transfers remain the primary case of use, wider acceptance in daily financial transactions is still limited.

In fact, as a solution, Chriss also expressed hope that regulatory development, such as a brilliant act, could alleviate restrictions and make the public cryptocurrency available.

How will the genius the act of the market of the Stablecoins market will be

For those who do not realize, a genius act that recently cleaned The Senate is now waiting for a critical vote in the House of Representatives.

In addition, lawmakers also form the second main bill, which aims to create a clearer market structure for digital assets.

Senator Tim Scott, who leads the Senate Bank Committee, hopes that this legislation will pass by September, focusing on clarifying the regulatory supervision between SEC and CFTC.

Meanwhile Senator Cynthia Lummis expressed The fear of possible delays that would say that it would be “extremely disappointed” if both accounts did not pass before 2026.

If this legislative efforts could set clear rules for stablecoins and crypto assets, which could bring innovation and increase the protection of users, although the way to the final passage remains uncertain because further revisions and debates may still face.

In May also the head of the blockchain PayPal Jose Fernandez da Ponte discussed Acceptance and upcoming Pyusd’s regulatory challenges in consensus 2025He stressed the same when he said,

“I think the introduction of this legislation is fundamentally important, not only for us, but also for the US sector in general.”

The European Union will also join the race

This agreed that the European Union has appeared ready to open its door to the Stablecoins set outside the block, despite the resistance of the European Central Bank.

According to the recent A report on the financial timesThe European Commission is preparing to publish instructions that would treat foreign stable, as equivalent to their European counterparts.

This step, perceived as a regulatory breakthrough, could dramatically increase the presence and usefulness of stablekoin outside the EU on European markets and signal a wider shift in global integration of digital finances.