Kevin Lehtiniitty Discuss Stablecoins' Potential as New Payment Method

February 24, 2025 – In a recent interview with DL News, Chris Colson, a payments expert at the Federal Reserve Bank of Atlanta, discussed the potential of stablecoins to become a mainstream payment method, provided they overcome several hurdles. Colson highlighted the growing use of stablecoins by retailers and businesses, noting that stablecoins have moved beyond their original purpose as a hedge for crypto volatility and are becoming a viable alternative payment method.

Colson emphasized that while stablecoins are poised to revolutionize payments, challenges remain, particularly around regulatory acceptance and the integration of stablecoins into the broader financial ecosystem. He pointed to the need for banks, credit card issuers, and regulators to embrace stablecoins to enable widespread adoption. Colson also acknowledged the issue of transaction irreversibility on blockchains as a significant hurdle, which contrasts with the ability of banks to reverse fraudulent transactions.

Despite these challenges, Colson remains optimistic, citing the example of Apple Pay, which took years to gain widespread adoption, as an indication of how stablecoins could eventually follow suit. Kevin Lehtiniitty, CEO of Borderless.xyz, echoed this sentiment, calling the Federal Reserve's interest in stablecoins "extremely bullish" for the future of the sector.

For further insights on stablecoin adoption and its potential impact on payments, read the full article on DL News.