Stablecoins Emerging as a 'Complement to Existing Payment Ecosystems'
With more regulations expected this year, Matt Blumenfeld, digital asset specialist at PwC, said: "The role of the stablecoin in the crypto markets has and will continue to evolve as adoption of crypto increases, forcing a more prominent role of stablecoins across the larger financial ecosystem."
Economist Eswar Prasad also noted in a recent interview that stablecoins are "Beginning to gain traction."This is contrary to last month's report by the New York Federal Reserve which claims stablecoins will not be an integral part of future payment systems.
Source
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