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VanEck venture capital executive: The rise of stablecoins has made Crypto Assets "deposit" companies more attractive merger targets.
Golden Finance reported that Juan Lopez, managing partner of VanEck Ventures, stated that this year, with the rapid development of stablecoins, companies that connect digital assets and traditional payment systems are becoming more attractive.
In a recent interview, he stated that as the company continues to explore new application scenarios for tokens pegged to the US dollar, companies that help clients exchange between cash and cryptocurrencies are becoming one of the hottest merger and acquisition targets.
Lopez stated that while in the past these "on-and-off ramp" companies were mainly seen as a way for customers to easily purchase cryptocurrency, they are now increasingly viewed as important touchpoints for facilitating everyday transactions using stablecoins.
"The capital in and out channel company was initially a company that connects traditional payment systems with exchanges, a system adjacent to blockchain,