I'm noticing some exciting developments regarding the use of stablecoins. The latest analysis from the Kansas City Federal Reserve shows that these currencies are still primarily used for crypto trading and liquidity support. Payment applications are still lagging behind.

Data indicates that nearly half of the supply is locked in centralized exchanges, DeFi protocols, and crypto infrastructure as trading liquidity. Another 29% is just for wallet-to-wallet transfers, and 21% is held in a non-productive manner. And for actual payments? Less than 1%.

Why is this happening? Stablecoins are actually designed as crypto-native tools. Due to limitations in cross-chain interoperability and connections with traditional financial systems, large-scale real-world payment applications are still not feasible. Innovative payment solutions like ivac payment are emerging, but they are still in the early stages.

Major payment processors like Mastercard and Visa have announced support for this technology this year, but there are still many hurdles in building a scalable stablecoin payment ecosystem. Without solving key issues like interoperability, compliance, and identity verification, stablecoins cannot become mainstream payment tools. However, I see a positive trend, and more developments are expected in the coming months.