# Сопутствующие статьи по теме Infrastructure

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Infrastructure", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

The Biggest Trap of Stablecoins: 99% of Companies Issuing Tokens Are Just 'Self-Indulgent'

Stablecoins are increasingly being adopted by traditional finance companies like Klarna, PayPal, Stripe, and Cash App due to their ability to reduce settlement costs, enable global reach, and provide instant settlements. However, the article argues that most companies issuing their own branded stablecoins are engaging in futile "self-aggrandizement," as the market cannot sustainably support thousands of different tokens. Key benefits of stablecoins include significantly lower transaction fees compared to credit cards, borderless transactions without FX fees, and 24/7 near-instant settlement. While these advantages are clear, the article emphasizes that success depends not on issuing a token, but on integrating stablecoins as a payment rail into existing products and workflows. Case studies highlight different approaches: PayPal’s PYUSD serves as a defensive move to retain users within its ecosystem; Klarna uses stablecoins to reduce internal payment friction; and Stripe strategically avoids issuing its own token, instead facilitating transactions using established stablecoins like USDC. The piece concludes that liquidity, acceptance, and integration matter far more than branding. Merchants and users will gravitate toward simplicity and reliability, leading to natural consolidation around a few dominant stablecoins. The real value lies in leveraging stablecoins to improve payment infrastructure—not in creating yet another branded digital dollar.

比推01/07 18:19

The Biggest Trap of Stablecoins: 99% of Companies Issuing Tokens Are Just 'Self-Indulgent'

比推01/07 18:19

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