Stablecoins are meaningfully disrupting payments landscape
Stablecoins have become a pivotal element in the crypto ecosystem, being described as crypto's killer app. Institutional interest in stablecoins is growing, with forecasts projecting their market cap could reach $3 trillion by 2030, which would still represent a small fraction of the U.S. M2 money supply. Recent developments indicate that institutions are particularly interested in yield-bearing stablecoins due to favorable macroeconomic conditions. The report emphasizes that stablecoins are significantly disrupting the payments landscape by providing faster and cheaper money transfers for both businesses and individuals. Coinbase highlights that the growth of stablecoins is not slowing down, affirming their utility in bridging crypto and fiat banking solutions.
Source 🔗