Stable coins are going to explode and the L1 blockchains are the ones that will massively profit from it.

The sign is on the wall sorta say. Amazon is in an all out battle with Visa, feds even hint at coining up with a Central Bank Digital Currencies (CBDCs) . Here are some examples.

Here is one from bank of America.

It appears that the United States will finally be moving forward to create its own central bank digital currency (CBDC), according to the Bank of America. We expect stablecoin adoption and use for payments to increase significantly over the next several years as financial institutions explore digital asset custody and trading solutions and as payments companies incorporate blockchain technology into their platforms.

And here may be even bigger opportunity, the world of gift cards.

The global gift cards market size was valued at $619.25 billion in 2019, and is projected to reach $2,076.51 billion by 2027, growing at a CAGR of 16.2% from 2020 to 2027.

What does this all mean? Well to me it means the L1 blockchains are going to be the engines to drive all this and picking the right one could pay off big time.

Projects like Algorand ,Quant, Cardano which are fast ,scalable, secure and green I think will have a good chance. Security and scalable are probably main factors though. There are more so please share below which L1s do you think will have a better chance.

TLDR: central bank digital currency (CBDC) and stable coins from the likes of Amazon or gift cards is going to happen and the L1 blockchains that will support them are going to profit big time.

edit: there are some confusions based on comment that stable coins are stable so how can you make a profit? The profit is not coming from the stable but the L1 blockchain will collect gas fees that is driving the transactions + with the publicity can and will indeed profit. The gift card industry alone is a 600 billion dollar market.