Stablecoin Payments Could Transform Financial Infrastructure, Says Stanford Professor

Stanford Professor Ruizhe Jia highlighted the potential impact of stablecoin-based payments during the EASYResidency workshop. YZi Labs posted on X. Jia emphasized that stablecoins could significantly alter financial infrastructure, particularly in fragmented markets. He noted that the competition to dominate the payment sector is intensifying, with the development of innovative applications being crucial. Jia pointed to Alipay and WeChat Pay as examples of how controlling the payment layer can lead to becoming a central hub for various financial services, including savings, lending, and investing. He suggested that stablecoins might represent the next evolution of this model in many regions, although the market is still in its early stages.