PayPal CEO Alex Chriss recently clarified that the widespread use of the well-known stablecoin in the United States is still a distant reality.

He believes that this is mainly due to low consumer interest and the continuous evolution of regulatory incentives, which have become the main barriers to widespread adoption.

"From the consumer's perspective, there is no real incentive to drive adoption, which is why we started creating things like rewards and began incentivizing users."

According to the CEO of PayPal, early adopters of stablecoins mainly focus on cross-border remittances.

Chris said,

We are full of expectations for the future of stablecoins. The first use case is likely to be cross-border transactions when you need to transfer funds and pay high cross-border transaction fees. This is an opportunity for a fast, secure, and low-cost currency model.