VanEck venture capital executive: The rise of stablecoins has made Crypto Assets "deposit" companies more attractive merger targets.

Golden Finance reports that Juan Lopez, managing partner of VanEck Ventures, stated that this year, with the booming development of stablecoins, companies connecting 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, those companies that help customers exchange between cash and cryptocurrency are becoming one of the hottest merger and acquisition targets. Lopez stated that while these “on-and-off ramps” companies were primarily seen as a way for customers to easily purchase cryptocurrencies in the past, they are now increasingly viewed as important touchpoints for facilitating everyday transactions using stablecoins.

“The deposit and withdrawal channel companies were originally companies that connected traditional payment systems with exchanges and adjacent systems to blockchain,” he said. “Now, they can transform from simple ‘deposit and withdrawal’ companies into mature payment service providers built on this brand new infrastructure, which is much ‘sexier’.”