Analysts at Standard Chartered and Zodiac market predict that stable coin could reach M2 and 10% of currency transactions in the United States
They currently only account for 1% of such transactions, but proper regulation, especially under the Trump administration, could encourage their adoption.
Stable coins are increasingly being used for international payments, remittances and trade settlements.
Analysts at Standard Chartered and Zodiac markets forecast significant growth in the use of stablecoins in the US, suggesting that they could account for up to 2% of M2 and forex (FX) trading in the future. 10
Stablecoins currently account for about 1% of both types of transactions, but experts believe that as the sector gains legitimacy and the regulatory framework is put in place, this will be a major step forward.
key to this growth is regulation. While little progress has been made under #Joe Biden's administration in creating clear regulatory guidelines, analysts believe that Donald Trump's administration could take more decisive steps in this direction, accelerating the growth of these assets and their integration into the traditional financial system. Regulation allows these assets to gain greater acceptance among users, including banks and financial institutions.
The report also criticizes the existing global financial infrastructure and highlights the limitations of the traditional banking system and SWIFT, especially due to opaque fees charged for international transactions. These fees, based on transaction volume and participant discounts, hinder transparency and accessibility for many users, leading to the emergence of stable coins as a more efficient and You can also use the following methods
Read us at: Compass Investments
#CryptoNews #CryptoMarketTrends #CryptoAdoption #DigitalCurrency