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Fireblocks’ Vice President of Payments, Ran Goldi, has emphasized the growing global demand for non-USD stablecoins, attributing this shift to the need for more localized and efficient digital payment solutions. Goldi noted that businesses and consumers in regions with limited access to U.S. dollars are increasingly turning to stablecoins pegged to local currencies to facilitate smoother transactions and mitigate currency volatility.
This trend is supported by recent developments in the stablecoin market. For instance, Fireblocks has expanded its infrastructure offerings to include crypto payments, including the acquisition of First Digital, a stablecoin settlement platform, in February 2022. This acquisition allows Fireblocks to provide business-to-business, business-to-consumer, and cross-border payment support services, catering to the rising demand for diverse stablecoin options.
The increasing adoption of non-USD stablecoins reflects a broader trend towards diversification in the digital asset space, as users seek alternatives that align more closely with their local economic environments.
