Aptos Head: Stablecoin Regulation Will Become the Next Catalyst for the Encryption Industry

Author: Christopher Tepedino, CoinTelegraph; Translated by: Deng Tong, Jinse Finance

Aptos Foundation ecosystem head Ash Pampati stated that stablecoin regulation is the "next catalyst" for the cryptocurrency industry and could spark unprecedented "institutional investor interest."

During an interview at the Consensus 2025 conference held in Toronto, Pampati stated, "The rest of the world outside the United States […] is already eager for [stablecoins]," and added, "The United States […] is already at the doorstep."

"I am genuinely thinking about what new use cases might emerge due to the borderless nature of stablecoins and the efficiency of dollar transactions on the chain," he said. "If you want to send money to a friend in Nigeria, why go through so much hassle?"

Stablecoins are often used for cross-border transfers because they are more convenient and cheaper than traditional financial methods like wire transfers. They are also used to hedge against fiat currencies, which can depreciate significantly in a short period in emerging markets.

According to a new survey by Fireblocks, Latin America is leading other regions in the actual use of stablecoins, with 71% of respondents stating that they use the technology for cross-border payments. The region includes many developing countries, where half of the respondents indicated that they expect the transaction costs of stablecoins to be lower than traditional financial channels.

"I believe institutional investors will show tremendous interest... We really need to rethink building B2B and B2C fintech sectors using completely on-chain channels," said Pampati.

86% of companies are ready to adopt stablecoins

According to a survey by Fireblocks, 86% of respondents indicated that their companies demonstrate "infrastructure readiness." In other words, their companies are ready to adopt stablecoins. Additionally, 75% of respondents stated that they have seen a clear demand from customers for stablecoins.

The confidence indicator adopted by stablecoins. Source: Fireblocks

However, regulation still plays an important role in determining the adoption rate of stablecoins. Surveys show that people's confidence in stablecoins is rising, not only because of the technology itself but also due to the reduction of regulatory barriers.

Institutions around the world are seeking to regulate stablecoins. Progress in this area includes the EU's MiCA regulation, several bills in the UAE, and even the US's GENIUS Act. Reports indicate that the bill has regained some bipartisan support after failing to pass a vote on May 8.