Standard Chartered Bank: Stablecoins are increasingly being used in traditional finance, with huge growth potential
According to a report by CryptoSlate, based on a report from Standard Chartered Bank, stablecoins are shifting from their initial use in cryptocurrency exchanges towards broader applications in global finance. Research shows that stablecoins are increasingly being used for purposes similar to traditional finance, such as dollar savings and trading, as well as facilitating cross-border payments.
The report also points out that the current market value of stablecoins is $163 billion. Although small compared to the overall financial market, there is still huge room for growth.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analyst: On-chain data indicates that bitcoin selling pressure is easing and the market is buying the dip
Trending news
MoreMarket news: An Aethir executive, together with investor-backed VC leveraged funds, is shorting, acting as a counterparty to the founder’s fundraising and price-pumping efforts, dumping tokens to harvest profits from the community.
Analyst: On-chain data indicates that bitcoin selling pressure is easing and the market is buying the dip
Crypto prices
More
