These days every fund group or the fintech company is making a stablecoin. And the spam of stablecoin is increasing a lot atleast in USA and EU. This is turning out of the good crypto into the memcoin and to the stablecoin spam. I understand every fintech should have an internal token, but making stablecoin and enforcing your rules on the top of govt is spam.

But here we are another fintech group and the fund house coming out with the JPYSC stabloecoin. And they have launched it into Polygon which is an Ethereum L2 chain. So there would lesser fees and also extendable. 

This is a good direction for the fintechs though as they take haircut while working with those stablecoins being treasury bill backed. And also such type of the fintech make the global presence and that would help them retain the USD peg on the stablecoin and it would also help make their local and native transfers easier. 

You can read about it here. 

Enterprise and the instutional funding through such stablecoin based projects would make sense to bring more cashflow. But apart from that in the grand scheme. I don't know how that would help with the whole funding scenario as well. So we wait and see how that would help the fundings and the fintech. 

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