What's driving Wall Street stablecoin interest? Trillions up for grabs in the future and banks getting ready for it

Zach Abrams, Bridge co-founder and CEO, said the market is estimated to grow into the trillions and could be the biggest global money-moving shift since the introduction of credit cards

Companies SpaceX, ScaleAI, and Remote

Com already use stablecoins as a new way to bridge international fiat to fiat conversions, and Abrams said banks will want a bigger piece of the action

Bitcoin and ether have led a recent crypto rise, as digital assets joined the resumption of the risk-on rally, with additional factors such as the potential for lower interest rates later this year, some more moderate talk from the White House on tariffs, and at least temporary easing of tensions in the Middle East

But when it comes to Circle and the stablecoin boom, there's a more fundamental driver as Wall Street interest in the nology continues to evolve, and more ties are built between the old rails of the financial world and the new digital assets infrastructure

Fiserv debuted a stablecoin earlier this week

Mastercard then linked that stablecoin to its network

Credit cards are a good place to understand the opportunity, according to Zach Abrams, Bridge co-founder and CEO, who told CNBC's MacKenzie Sigalos that the market is estimated to grow into the trillions and could be the biggest global money-moving shift since the introduction of credit cards

Some of the top are already making major use of stablecoins today

SpaceX also uses Bridge to convert payments made for its Starlink internet services in local currencies and bring the money back to the U. "We think that stablecoins are an entirely new money-movement platform, credit cards were decades ago," Abrams said in an interview for Thursday's "Crypto World. ""[Credit cards] created trillions in value and I think stablecoins will be the same," he said. "We think it's going to be a very big change that will play out over many years," he added

Abrams said as regulatory clarity increases, more traditional financial players will want to get in on the opportunity

Stablecoins, less than a decade old, are today a $400 billion market, and Abrams says that if, as most banks think, the market "will get to a few trillion" it is a market where peeling off some of that has to be a focus

Today, it is served almost entirely by Tether and Circle, he said

Ultimately, there is a role not just for big financial firms JPMorgan Chase and Bank of America, but Fiserv and local banks

In fact, the move up to trillions in stablecoin market value won't happen, Abrams said, without "a huge percentage" being handled by traditional financial institutions

Wall street's embrace of tokenization keeps growing in other ways as well

New York-based investment startup Republic announced this week it will allow users to buy tokens that represent SpaceX, OpenAI and Anthropic

You can watch the full interview with Abrams above in Thursday's "Crypto World. "In other crypto news of note on Thursday:Ripple and the SEC can't put their legal battle behind them, yet

Ripple's chief legal officer Stu Alderoty laid out the company's options in an X post

Also, more from "Crypto World" on the news that first broke yesterday that the Trump administration is working to let buyers include their crypto in federal mortgage applications