[Standard Chartered: Stablecoins are increasingly used for traditional financial purposes] Golden Finance reported that according to a report by Standard Chartered Bank, stablecoins are shifting from their initial use in cryptocurrency exchanges to wider use in global finance. Studies have shown that stablecoins are increasingly used for purposes similar to traditional finance, such as US dollar savings and transactions and facilitating cross-border payments. The report also pointed out that the market value of stablecoins is currently US$163 billion, which is small compared to the overall financial market, but there is still huge room for growth.