Stablecoins to Dominate Crypto Payments as Bitcoin's Payment Role Fades

MARA CEO Fred Thiel recently stated that Bitcoin's role as a widely used payment method is over due to its price volatility. He emphasized that businesses require stable value and fast transaction speeds, which Bitcoin's network cannot provide.

The executive highlighted the importance of stablecoins pegged to fiat currencies in crypto payments, especially in AI-driven commerce. These stablecoins offer the stability and speed that businesses need for high-volume transactions.