Businesses and consumers in 17 emerging markets are willing to pay a premium of 4.7% over the standard dollar price to access stablecoins, with the figure rising to 30% in countries like Argentina. A recent analysis by the Centre for Economics and Business Research (CEBR) and BVNK projected that these premiums will reach $25.4 billion by 2027. Stablecoins have gained significance in global finance, with a market capitalization of $165 billion as of mid-2024. Tether (USDT) and USD Coin (USDC) are the two largest stablecoins, with market capitalizations of $83 billion and $28 billion respectively. These stablecoins have become essential for financial transactions in regions with unstable local currencies. They have helped mitigate the adverse effects of currency volatility in emerging markets, providing a reliable store of value and enabling faster cross-border payments. The report forecasts that stablecoin payment volumes will reach $15 trillion by 2030, with the market cap potentially exceeding $1 trillion. Read more AI-generated news on: https://app.chaingpt.org/news