"The paradigm of on/off-ramping into/out of the crypto world is a bottleneck for users. Each stablecoin issuer has to build their own distribution network, at great cost. Corporates and banks cannot currently hold stablecoins on their balance sheets as cash equivalents."

https://www.pymnts.com/news/investment-tracker/2025/ubyx-raises-10-million-to-advance-stablecoin-epoch/