The stablecoin boom turns the "bridge" into an attractive M&A target, according to VanEck Ventures.

Companies acting as a "bridge" between digital assets and traditional payment systems are becoming the center of attention due to the explosion of stablecoins this year, according to Mr. Juan Lopez – CEO of VanEck Ventures.

Mr. Lopez stated that as businesses increasingly expand the application of dollar-pegged tokens, companies that support customers in converting between fiat and cryptocurrency are becoming attractive targets in mergers and acquisitions.

If previously on-ramps and off-ramps were mainly seen as tools to help customers buy cryptocurrency more easily, they are now regarded as important "touchpoints" to promote daily transactions using stablecoin.

"Initially, on-off ramp companies only connected traditional payment systems with the blockchain ecosystem developed by exchanges," Lopez said. "Now, they have been able to move beyond the on-off ramp label to become true payment service providers, based on a completely new infrastructure – much more attractive."

This change was further reinforced after the U.S. passed the stablecoin law last month under the GENIUS Act, creating a federal legal framework for the sector. Shortly thereafter, Citigroup announced that it is considering issuing a stablecoin, following a similar move from Bank of America a few months ago.

Lopez stated that stablecoins initially emerged to address the issue of delays in depositing funds into exchanges, but now their application value has significantly expanded, especially in cross-border remittances and corporate payments.

Many large transactions have shown this trend:

Lopez also pointed out that the operating licenses held by on-off ramp companies are a competitive advantage, allowing them to expand into new sectors or markets more quickly.

"That is the value of speed to market," he said. "If a business wants to enter a new market, they can quickly achieve their goals by acquiring a company that has already passed regulatory barriers and is licensed to operate."

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