đąăBlockchain NewsăThe rise of stablecoins, the new darling of the global financial system!
đ According to the latest research report by brokerage firm Bernstein, the importance of stablecoins in the global financial system has become increasingly prominent, and it has become the 18th largest holder of US Treasury bonds! After the supply decline in 2023, the issuance of stablecoins has now rebounded to an all-time high of $170 billion.
đ Monthly payments on the chain have tripled in the past 12 months, reaching a staggering $1.4 trillion in July. Stablecoins provide international users with a convenient channel for US dollar savings and spread digital dollars around the world.
đł The report pointed out that stablecoins are closely integrated with payment and fintech companies such as PayPal, MercadoLibre and Grab, becoming one of the cheapest cross-border payment methods. The rise of stablecoins has undoubtedly brought new vitality and possibilities to the global financial system.
đ Although the market attitude is neutral, the outlook for Bitcoin remains optimistic. Stay tuned for the latest developments in the blockchain industry!
