Stablecoins Are Email in a Fax-Machine World: Andy Mukherjee

Is 2025 a possible “ChatGPT moment” for stablecoins? It might be, though given the glacial pace at which the new payment technology is making inroads into everyday shopping, it might be easy to miss the change.

Take EBANX. It’s a payments facilitator like Stripe Inc., though focused on shoppers in emerging markets in Latin America, Africa, and Asia who want to buy from global businesses like AliExpress, Uber, Airbnb, and Spotify. “Today, 100% of our customers are paying with fiat money,” João Del Valle, cofounder and chief executive officer of EBANX, told me on the sidelines of the Hong Kong FinTech Week. ...