Revolution on chain: Cards are behind

Alchemy’s engineering president Noam Hurwitz said that stablecoins have now become the default payment infrastructure of the Internet. Giants such as Visa and Mastercard were 7 %behind in terms of over -chain transaction volume.

According to Hurwitz’s statement:

“Stablecoins make the money fast, cheap, global and safe. It is no longer not only speculative vehicles;

Alchemy provides the stablecoin infrastructure of many major platforms from Robinhood Wallet to Paypal.

🏦 Stablecoin Period in Corporate Finance

Hurwitz also stressed that the USDT has become the major buyers of stablecoins, USA Treasury bonds:

Tether keeps a US debt of $ 113 billion alone.

In 2024, he made a profit of $ 13 billion from the stablecoin reserves.

“Token is the basis of the financial system to your tokens.”

This data is not only payment of stablecoins; It also reveals that he is starting to behave like a global reserve currency.

🧱 New Infrastructures: JP Morgan and Kinexys example

Alchemy director, JP Morgan’s Kinexys, tokenized deposit solution also drew attention. This system provides 24/7 instant payment, interest income and real -time liquidity on a public blocking.

Such solutions enable institutions to develop scalability and return -oriented strategies by establishing their own layer 2 networks.

⚠️ Challenges: Partly Chain Structure and Developer Experience

Hurwitz acknowledges that some technical bottlenecks continue in the adoption of stablecoin systems:

The developer experience is still scattered.

Users want “plain and intuitive experience yerine instead of infrastructure.

Institutions have difficulty finding a reliable infrastructure provider.

“Start-ups want to serve on a corporate scale, but this requires advanced engineering.”

📜 Regulation: Frameful with GenIus ACT

According to Hurwitz, Genıus Act, who passed through the US Senate last week, is a big turning point for the stablecoin market:

Net limits were determined at the federal level.

Legal uncertainties have decreased for corporate players.

The innovation environment has strengthened for new projects.

🌍 There are also criticisms: BIS warns the report

But not everything is positive. International Bank of Payments (BIS), stablecoins in the annual economic report:

That being a money does not meet the three basic criteria (singularity, flexibility, integrity),

He stated that they act more like digital assets.

This analysis shows that regulators continue to consider stablecoins as financial tools instead of money.

🔮 EVALUATION

Stablecoins are no longer an alternative; Candidate to be the center of the financial infrastructure. While Fintech companies quickly integrate these structures, regulations began to define this area.

The solutions offered by infrastructure providers such as Alchemy reveal that the stablecoin economy is not only growing, but also reshaping the payment backbone of the Internet.