Source: Cointelegraph
Original: “Aptos Head: Stablecoin Regulation is the 'Next Catalyst' for the Crypto Industry”

According to Ash Pampati, head of the Aptos Foundation ecosystem, stablecoin regulation is the "next catalyst" for the crypto industry, expected to spark unprecedented "investment enthusiasm" from institutional investors.

In an interview with Cointelegraph at the Consensus 2025 conference in Toronto, Pampati noted, "The entire world outside the United States has already jumped into the stablecoin space," adding, "The U.S. is standing on the threshold."

"What I really think about is the potential innovative applications that could emerge with the borderless nature of stablecoins and the efficiency of on-chain dollars," he stated. "If you want to send money to a friend in Nigeria, why go through so many cumbersome procedures?"

Stablecoins are often used for cross-border money transfers because they are more convenient and cost-effective than traditional financial methods (like wire transfers). In emerging markets, stablecoins are also used to hedge against fiat currency risks, as local currencies in these regions may depreciate significantly in a short period.

According to a recent survey by Fireblocks, Latin America is leading the world in the actual use of stablecoins, with 71% of respondents indicating they use the technology for cross-border payments. Half of the respondents in the region (which includes several developing countries) expect stablecoins to offer lower transaction costs than traditional financial channels.

"I believe institutional investors will show remarkable enthusiasm, and we can truly rethink the fintech space by innovating B2B and B2C business models through fully on-chain infrastructure," Pampati said.

Fireblocks' survey shows that 86% of respondents indicated their companies are in a "ready infrastructure" state. In other words, these businesses are prepared to adopt stablecoins. Additionally, 75% of respondents reported seeing clear customer demand for stablecoins.

However, regulation still plays a crucial role in the adoption process. The survey indicates that market confidence in stablecoins is rising, not only due to advancements in technology but also because regulatory hurdles have gradually decreased.

Regulators around the world are actively advancing stablecoin regulatory frameworks. Relevant developments include the EU's MiCA regulatory framework, several bills in the United Arab Emirates, and even the U.S. GENIUS Act, which reportedly regained bipartisan support after failing to pass a vote on May 8.

Related: Bitdeer’s Q1 Revenue Declines Over 40% Year-on-Year

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