The month fintechs embraced stablecoins

Sam Broner argues that traditional payment companies are embracing stablecoins by building backwards-compatible products, which he compares to Skype's shift in voice calling. In the six weeks before the piece, Circle filed to go public on the NYSE on April 1, Mastercard and Visa launched stablecoin-linked card products on April 28 and 30, and Stripe announced Stablecoin Financial Accounts in 101 countries on May 7 and 8. Coinbase also introduced the x402 standard for stablecoin payments, and Visa partnered with BVNK on May 6.