PANews December 27 news, according to Crowdfund Insider, Pantera Capital pointed out in a blog that while cryptocurrencies are often focused on their volatility, tokens, and liquidity, stablecoins are the key force quietly driving the adoption of cryptocurrencies. From only accounting for 3% of blockchain transactions in 2020 to now continuously occupying over 50% of the trading share, stablecoins have seen significant growth.
Pantera Capital emphasized that stablecoins are a killer value proposition for cryptocurrencies and are essentially non-speculative. In 2024, the adjusted trading volume of stablecoins will exceed $5 trillion, involving nearly 200 million accounts, marking a breakthrough moment. This time, stablecoins are not limited to the decentralized finance (DeFi) ecosystem but are more broadly applied in other fields. Over the past few years, stablecoins have achieved seamless cross-border payments by providing access to the dollar, especially growing fastest in emerging markets where the demand for dollars is strong.
Pantera Capital added that stablecoins provide a tenfold value proposition for traditional payment channels, suitable for B2C payments (such as remittances) and B2B cross-border transactions. According to Juniper Research, cross-border B2B payments are expected to reach approximately $40 trillion through traditional payment channels by 2024. In the consumer payment market, global remittance annual revenues reach hundreds of billions of dollars, while stablecoins are becoming a new means for global cross-border remittances through crypto channels. With the rapid adoption of B2C and B2B payments, the supply and trading volume of on-chain stablecoins are reaching all-time highs.