Stablecoin Pilots Face Challenges in Digital Dollar Adoption

Stablecoins are transitioning from crypto-native tools to integral components of institutional financial operations. In the United States, dollar-backed stablecoins are now recognized as legal instruments, increasingly utilized for corporate treasury functions and settlement systems. This evolution suggests a growing acceptance and integration of stablecoins into mainstream financial infrastructure, moving beyond their initial speculative use cases. Despite this progress, the path to widespread adoption has seen numerous pilot programs fail, indicating ongoing hurdles in fully realizing their potential within the digital dollar ecosystem.