SAP and Samsung Shift Stablecoin Competition
SAP and Samsung move stablecoin competition from issuance to distribution.
In brief
SAP and Samsung move stablecoin competition from issuance to distribution. SAP and Samsung shift stablecoin competition from issuance to distribution by integrating stablecoins into existing financial workflows. Originally reported by Pymnts.
SAP shifts stablecoin strategy
SAP integrates stablecoin settlement into enterprise software without requiring users to interact with blockchain infrastructure.
“SAP Pay, expanding payment capabilities within its cloud erp environment to support traditional payment rails alongside stablecoin settlement”
Samsung enables usdc access
Samsung introduces usdc functionality into samsung wallet for 82 million eligible galaxy devices in the united states.
“Samsung will introduce usdc functionality directly into samsung wallet beginning in the last week of october”
Distribution over issuance
The stablecoin industry shifts focus from issuance metrics to access to existing customers and financial workflows.
“The stablecoin industry has traditionally measured progress through issuance, transaction volume and blockchain activity”
CFOs evaluate payment economics
Cfo's need to assess liquidity, foreign exchange, reconciliation and usable funds reaching recipients rather than just faster token transfers.
“Cfo's need to evaluate the entire payment, not just the rail”
Financial platforms expand capabilities
Financial platforms acquire infrastructure to turn blockchain balances into spendable money without requiring user behavior changes.
“Financial platforms are acquiring the infrastructure needed to turn blockchain-based balances into spendable money”
Industry moves to distribution
The industry shifts from whether users want stablecoins to which companies can deliver them without changing user behavior.
“The industry is moving from asking whether businesses and consumers want to use stablecoins toward determining which companies can make stablecoin payments available without requiring users to change their behavior”
Here's the gist
SAP and Samsung shift stablecoin competition from issuance to distribution by integrating stablecoins into existing financial workflows.
