**The Impact of Cryptocurrencies on FinTech**
- Cryptocurrencies are revolutionizing the financial world by accelerating digital payments and reducing costs. They provide great advantages, especially in cross-border transfers.
- Stablecoins such as Tether and USD Coin are becoming more suitable for daily use with their equivalent values to fiat currencies.
- Large banks and investment firms are accepting digital assets as legitimate investment options by investing in crypto projects.
- Decentralized finance (DeFi) offers new financial instruments such as lending, borrowing, and yield farming through platforms such as Aave and Uniswap.
- However, regulatory uncertainties and security concerns are among the major obstacles to the wider adoption of cryptocurrencies in FinTech.
