According to PANews, Pantera Capital highlighted in a blog post that stablecoins are a crucial force behind the widespread adoption of cryptocurrencies, despite the focus often being on the volatility, tokens, and liquidity of digital currencies. Since 2020, stablecoins have grown from representing just 3% of blockchain transactions to consistently accounting for over 50% of the transaction volume.
Pantera Capital emphasized that stablecoins offer a compelling value proposition in the cryptocurrency space, inherently non-speculative in nature. By 2024, adjusted stablecoin transaction volumes are expected to surpass $5 trillion, involving nearly 200 million accounts, marking a significant milestone. Stablecoins are not limited to the decentralized finance (DeFi) ecosystem but are increasingly applied across various sectors. Over recent years, stablecoins have facilitated seamless cross-border payments by providing access to the US dollar, with the fastest growth observed in emerging markets where dollar demand is high.
Pantera Capital further noted that stablecoins offer a tenfold value proposition over traditional payment channels, applicable to both B2C payments, such as remittances, and B2B cross-border transactions. Juniper Research forecasts that by 2024, cross-border B2B payments through traditional channels will reach approximately $40 trillion. In the consumer payment market, global remittance revenues amount to billions of dollars annually, and stablecoins are emerging as a new method for global cross-border remittances via crypto channels. As B2C and B2B payments rapidly adopt stablecoins, the supply and transaction volume of on-chain stablecoins are reaching historic highs.