Standard Chartered: Stablecoins are increasingly used in traditional financial applications
According to a report from Standard Chartered Bank, stablecoins are shifting from their initial use in cryptocurrency exchanges to more widespread use in global finance. Research shows that stablecoins are increasingly being used for traditional financial purposes such as savings and trading in US dollars, as well as facilitating cross-border payments. The report also notes that the market capitalization of stablecoins is currently $163 billion, which is small compared to the overall financial market, but still has significant room for growth.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Google searches for “buy crypto” and “buy Solana” surge
WLFI bought the domain name 9290.eth again 10 minutes ago
USDC Treasury has destroyed about 200 million USDC today
WLFI's additional 5% supply has started selling