Stablecoin Boom RLUSD Joins the Race as Businesses Ditch Cash

  • Stablecoins transacted $6.87T in 2022, surpassing Mastercard and PayPal.

  • Ripple’s RLUSD offers instant payouts, multi-chain issuance, and regulatory compliance, challenging USDT and USDC.

  • Stablecoin adoption grows as 41% of Americans avoid cash, driving business adoption for faster, cost-efficient payments.

Stablecoins, digital currencies linked to fiat currencies, have seen tremendous growth. In 2022, they handled transactions worth $6.87 trillion, outpacing Mastercard and PayPal in moving value across networks.

While Tether (USDT) and Circle’s USDC still lead the $100 billion stablecoin market, newcomers like Ripple’s RLUSD and PayPal’s PYUSD are shaking things up, expanding the possibilities of stablecoin use cases.

Stablecoins: Bridging the Gap Between Crypto and Fiat

Stablecoins merge the security and transparency of blockchain with the stability of traditional fiat currencies like USD or EUR. This makes them an increasingly attractive choice for payments, offering fast, cost-effective transactions while minimizing price swings.

Beyond their widespread use in retail transactions, stablecoins also provide advantages in areas like remittan…

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