Odaily Planet Daily News: A report by strategic consulting firm Quinlan & Associates and blockchain developer IDA stated that cryptocurrencies, including stablecoins, "only account for 0.2% of the global e-commerce transaction value." Lawrence Chu, co-founder and CEO of IDA, stated in a statement: "With the advantages of programmability and other blockchain-supported features, stablecoins can offer cost efficiency, enhanced transparency, 24/7 availability, and faster processing times that traditional financial systems cannot match." The report noted that despite this potential, stablecoin "usage still primarily occurs within the Web3 ecosystem," pointing out that regulatory uncertainty and limited non-USD stablecoin options are significant obstacles. Benjamin Quinlan, CEO of Quinlan & Associates, stated in a statement: "This hesitation is largely caused by regulatory uncertainty, with 81% of merchants believing this is the main barrier to accepting stablecoins and other digital assets as mainstream payment methods." Additionally, the report stated, "Globally, 83% of countries do not use the US dollar as their official currency or secondary currency, and about 40% of international payments are conducted in non-USD currencies, highlighting the urgent need for non-USD pegged stablecoins." (Cointelegraph)