Stablecoin

Token

DeFi

April

<p>The crypto industry is experiencing a spectacular breakthrough, notably thanks to the massive support of stablecoins. In four years, stablecoin transfers have exploded by 1500%, reaching a record monthly volume of $1.68 trillion in April. This massive adoption illustrates the growing confidence of investors and the integration of these assets into traditional financial systems, thus disrupting the global economic landscape.</p> 
<h2 id="h-a-phenomenal-growth-of-stablecoin-transfers">A phenomenal growth of stablecoin transfers</h2> 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr">Monthly stablecoin transfer volumes have ~10x'd over the past 4 years.<br><br>From $100B to $1T+ per month.<br><br>Benchmark value from <a href="https://twitter.com/Visa?ref_src=twsrc%5Etfw">@Visa</a>:<br><br>"During our FY23, the Visa network enabled $15 trillion in total volume." – Ryan McInerney, Chief Executive Officer <a href="https://t.co/KxrUyb1IIW">pic.twitter.com/KxrUyb1IIW</a></p>— Token Terminal (@tokenterminal) <a href="https://twitter.com/tokenterminal/status/1803361645592281155?ref_src=twsrc%5Etfw">June 19, 2024</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div> 
 </div>
 <figcaption class="wp-element-caption">
  Stablecoin transaction volume – Source: Token Terminal (X)
 </figcaption>
</figure> 
<p>Since October 2020, the <strong>volume of stablecoin transfers</strong>, a <a href="https://www.cointribune.com/en/crypto-euro-stablecoins-explode-despite-the-eu/" target="_blank" rel="noreferrer noopener">highly valued asset in Europe</a>, has increased 16-fold, from $100 billion to an impressive <strong>$1.68 trillion in April 2024</strong>, states <a href="https://x.com/tokenterminal/status/1803361645592281155" target="_blank" rel="noreferrer noopener">Token Terminal</a>. This growth illustrates the massive adoption of stablecoins, bolstered by their crucial role in crypto trading and providing liquidity on DeFi platforms.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1"> 
 </div> 
</div> 
<p>Despite a slight decrease in May 2024, the overall trend remains positive, supported by the <strong>growing integration of stablecoins into traditional payment networks</strong>. Their combined <strong>market capitalization</strong> has exceeded $162 billion, an <strong>increase of 24%</strong> since January.</p> 
<p>This increase reflects a <strong>renewed confidence from investors</strong>, who see stablecoins as a hedge against cryptocurrency volatility.</p> 
<h2 id="h-stablecoins-a-pillar-of-the-crypto-industry">Stablecoins, a pillar of the crypto industry</h2> 
<p>The rise of stablecoins is not limited to DeFi platforms. They also play <strong>a central role in international payments</strong> and daily transactions.</p> 
<p>Visa reports that about <strong>$3.3 trillion in stablecoins</strong> are exchanged each month, underscoring their growing importance in the global economy.</p> 
<p>Stablecoins offer <strong>a convenient and secure solution</strong> to bypass traditional banking systems, facilitating cross-border payments and wages.</p> 
<p>Moreover, the <strong>regulatory clarity in several jurisdictions</strong> strengthens confidence in these digital assets. However, challenges remain, particularly in governance, operational resilience, and legal compliance.</p> 
<p>The future policy of the United States on stablecoins will be crucial for their continued adoption and their impact on global financial stability.</p> 
<p>The rise of stablecoins is radically transforming the crypto sector. What will be their future role in the global economy?</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2"> 
 </div> 
</div>

Crypto: The rise of stablecoins is transforming the industry

Inhaltsverzeichnis

Cointribune EN

Weitere Artikel, die am 20. Juni 2024 veröffentlicht wurden

TONcoin Partners with Flipster for Enhanced Deposit Options and Rewards

Crypto Market Surges on Regulatory Relief and Whale Activity

Crypto Exchange Binance Fined $2.2M by India’s FIU for Non-Compliance

Texas police officer stops $40K Bitcoin scam

Ethereum: Long-term Holders Dictate its Future!

Ryoshi: The Visionary Behind Omikami and RyuJin and High-Potential Memecoins

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!