The rise of stablecoin-based financial apps could soon undercut the dominance of traditional payment networks, according to VanEck CEO Jan Van Eck.
As emerging platforms begin to integrate digital currencies directly into their services, the pressure on legacy systems like Visa and Mastercard — and their high transaction fees — is expected to intensify.
Van Eck believes that the next wave of financial innovation will come from all-in-one digital apps that combine trading, payments, and communication features. With stablecoins allowing transactions to bypass traditional intermediaries, platforms like Robinhood, Kraken, or even Elon Musk’s X could become serious players in the payments space.
The recent signing of the GENIUS Act by President Trump has only accelerated this shift. The law creates a clear regulatory foundation for firms issuing payment-backed stablecoins, opening the door for broader adoption and competition.
While companies like Circle have already gained traction, Van Eck notes that more challengers are on the way. Though the financial impact of this disruption may take time to materialize, market movements suggest investors are already preparing for a shake-up in the digital payments landscape.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/stablecoin-powered-apps-poised-to-disrupt-traditional-finance/