[a16z Crypto: Stablecoins provide an opportunity for 1 billion people to participate in cryptocurrency] a16z Crypto published an article "Stablecoins: A 1+ billion-user onboarding opportunity", which pointed out that in the past 12 months, the trading volume of stablecoins has reached $33 trillion, continuing to hit a record high, nearly 20 times the transaction volume of PayPal , nearly 3 times the volume of Visa transactions, stablecoins have been integrated into these vast global payment networks that have been around for decades.
The boom in stablecoins has resulted in $128 billion in U.S. Treasuries being held in stablecoins. This puts them among the top 20 holders of U.S. Treasuries, even surpassing countries such as Saudi Arabia, South Korea, the United Arab Emirates, and Germany. Citibank recently predicted that stablecoin holdings in U.S. Treasuries will reach $3.7 trillion by 2030, making it the largest holder on this list. Stablecoins have long been criticized for being used only to settle speculative cryptocurrency transactions, but data suggests otherwise.
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a16z Crypto: Stablecoins provide an opportunity for 1 billion people to participate in Crypto Assets.
[a16z Crypto: Stablecoins provide an opportunity for 1 billion people to participate in cryptocurrency] a16z Crypto published an article "Stablecoins: A 1+ billion-user onboarding opportunity", which pointed out that in the past 12 months, the trading volume of stablecoins has reached $33 trillion, continuing to hit a record high, nearly 20 times the transaction volume of PayPal , nearly 3 times the volume of Visa transactions, stablecoins have been integrated into these vast global payment networks that have been around for decades. The boom in stablecoins has resulted in $128 billion in U.S. Treasuries being held in stablecoins. This puts them among the top 20 holders of U.S. Treasuries, even surpassing countries such as Saudi Arabia, South Korea, the United Arab Emirates, and Germany. Citibank recently predicted that stablecoin holdings in U.S. Treasuries will reach $3.7 trillion by 2030, making it the largest holder on this list. Stablecoins have long been criticized for being used only to settle speculative cryptocurrency transactions, but data suggests otherwise.