Companies facilitating connections between digital assets and traditional payment systems are benefiting from the rise of stablecoins, says VanEck Ventures Managing Partner Juan Lopez. Stablecoin legislation in the U.S. is expected to lead to more stablecoins under the GENIUS Act, with Citigroup and Bank of America exploring stablecoin options. On-and-off ramps are evolving into full-fledged payment providers, driving new use cases like cross-border remittances and business-to-business payments. MoonPay’s acquisition of Helio and Unstoppable Finance, and Stripe’s acquisition of Bridge, highlight the growing importance of stablecoins in the industry. Ripple’s purchase of Rail for $200 million emphasizes the value of comprehensive stablecoin pay-ins and pay-outs. The Federal Reserve has ended its supervisory program overseeing banks’ crypto activity, allowing on-and-off ramp companies to leverage their licenses for faster market entry into new businesses or jurisdictions.

Read more at Yahoo Finance: Stablecoin Boom Has Made Crypto Ramps ‘Sexier’ M&A Targets, Says VanEck VC