MELD co-founder: most firms convert stablecoins to fiat right after settlement
- —MELD: nearly all corporate clients convert stablecoins to fiat right after settlement
- —Primary use case is cross-border commercial payments, not holding crypto assets
- —Bengani: stablecoins are unlikely to replace SWIFT in the near term
- —Banks will keep roles in custody, compliance, liquidity and local settlement
Why it matters: The comments suggest corporate stablecoin demand is still payment-driven rather than investment-driven, capping upside for stablecoin supply growth.
Source: PANews