Agne Linge, head of growth at DeFi platform WeFi, emphasized the importance of stablecoins during the "Web3: The Economy of the Future" keynote discussion at the World Economic Forum Summit in Davos.
She pointed out that stablecoins, with a total market capitalization of $21.60 billion, have become an important financial tool in countries facing hyperinflation such as Argentina and Brazil. In emerging economies such as Venezuela, citizens' adoption of dollar-denominated stablecoins (especially USDT) has risen sharply in order to protect their savings from hyperinflation.
Linge expects the stablecoin market to grow to $3 trillion within the next five years.
Opinion: Stablecoins have become a key financial instrument in hyperinflationary countries, with market capitalization expected to increase to $3 trillion in 5 years
2025-01-30 12:13:16
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