Circle has introduced a new stablecoin payment network designed to facilitate seamless integration between stablecoins and traditional financial institutions, aiming to enhance the utility and adoption of digital currencies.
CROFAM SOCIAL NETWORK
According to Sveinn Valfells, co-founder and chair of Monerium, stablecoins offer cheaper and faster money movement, global availability, open-access, and programmability. Unlike the first generation of stablecoins, which were niche and illegal, the current generation is fungible, compliant, and integrated with financial infrastructure. These new stablecoins, regulated under European e-money rules, are safe and suitable for mainstream use, promising a wave of efficient onchain fintech applications that surpass traditional fintech offerings
