Stablecoin settlement volume is expected to reach US$5.28
Stablecoin settlement volume is expected to reach US$5.28 trillion this year, with significant financial changes in emerging markets like Brazil and Nigeria Initially, stablecoins were mainly used for collateral and settlement between cryptocurrency traders, but as technology and markets matured, its application scenarios expanded rapidly, especially in emerging markets with weak financial infrastructure. Recent research from institutions such as Visa and Castle Island Ventures shows that stablecoins have surpassed their speculative uses and gradually become an important part of the global financial system, especially in emerging economies such as Brazil, Nigeria, Turkey, Indonesia, and India. Users in these markets have found that stablecoins can not only serve as investment tools, but also provide them with more efficient remittance, payment and savings channels, especially when local currencies are unstable and banking services are not popular. Stablecoins are subverting traditional...