Bernstein: stablecoins are used by early users such as payment companies, fintech companies, and consumer platforms for cross-border settlement
2024-04-09 23:41:02
Bernstein stated in his research report that the stablecoin market is growing, and these cryptocurrencies are being used by early users such as payment companies, fintech companies, and consumer platforms for cross-border settlement. The supply of stablecoins currently reaches $150 billion, with USDT and USDC occupying a dominant market share of 75% and 22%, respectively. Stablecoin is a cryptocurrency typically pegged to the US dollar, but also uses other currencies and assets such as gold, and there are indications that payment companies such as PayPal and Visa have adopted this technology in advance.
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