Stablecoins are rapidly emerging as a trillion-dollar market opportunity. They are pegged 1:1 to fiat currencies and maintain stability through reserves or algorithms, providing a safer crypto experience for newcomers. Since 2020, the share of stablecoins in blockchain transactions has increased from 3% to over 50%, highlighting their non-speculative nature.
2024 is considered the breakthrough moment for stablecoins, with transaction volumes expected to exceed $5 trillion, involving nearly 200 million accounts. The application of stablecoins is no longer limited to DeFi; particularly in emerging markets, their seamless cross-border payment capabilities are highly favored.
Stablecoins can provide a tenfold value proposition for B2C and B2B payments, long viewed as the key to solving the trillion-dollar cross-border payment market. As demand for stablecoins accelerates, on-chain supply and transaction volume have reached historic highs, signaling the future potential of this space.