Cosmos Labs CEO Magnus Mareneck has identified stablecoins as the first significant use case for cryptocurrency, according to TheMarketPeriodical. Mareneck emphasized that stablecoins have moved beyond Bitcoin's initial impact, finding real-world applications that enhance payment efficiency and reduce costs for businesses. He noted that stablecoins offer faster, cheaper, and more compliant transactions compared to traditional systems like Stripe, PayPal, and SWIFT. Mareneck highlighted the potential for large companies to benefit from stablecoins, citing Walmart as an example. He explained that stablecoins not only lower transaction fees but also allow companies to earn yield on funds even after they are withdrawn from bank accounts, providing a financial advantage over conventional payment methods.
Cosmos Labs CEO Highlights Stablecoins as Crypto's First Real Use Case
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