TechFlow news, July 15 — According to Zhitongcaijing, Mastercard (MA.US) Chief Product Officer Jon Lambert said that despite the growing popularity of stablecoins, they still have a long way to go before becoming viable tools for everyday payments.
Lambert stated that beyond technical attributes, characteristics such as seamless and predictable user experience, broad coverage, and widespread consumer distribution are also crucial for stablecoins to become effective payment instruments. He added that Mastercard positions itself as a bridge between digital assets and the traditional financial system, capable of providing the infrastructure needed for stablecoins to achieve large-scale adoption. Lambert noted that currently around 90% of stablecoin transaction volume is tied to cryptocurrency trading, with investors using these dollar-pegged tokens to buy and sell digital assets.
Although companies like Shopify (SHOP.US) and Coinbase (COIN.US) have taken steps to promote stablecoin usage in daily consumer payments, Lambert believes obstacles such as low consumer acceptance and additional friction in online checkout processes will be difficult to overcome in the short term.
