David Zimmerman of K33 Research said that despite the skepticism raised by the meme coin craze, the actual use of cryptocurrencies already exists, BlockBeats reported.

Stablecoins, a $175 billion crypto market, are vital to emerging markets, helping them avoid hyperinflation and high remittance fees.

Mastercard partners with Mercuryo to let users spend crypto at over 100 million merchants. PayPal and Venmo integrate Ethereum naming service to simplify cryptocurrency transfers.

DePIN project Helium works with telecom companies and has already signed up 113,000 people for its mobile service, ditching companies like Verizon.

Telegram integrates The Open Network (TON) to allow nearly 1 billion users to easily transfer cryptocurrencies. LINE partners with Kaia to implement a similar initiative.