Standard Chartered: Stablecoins are increasingly used in traditional financial applications
According to a report from Standard Chartered Bank, stablecoins are shifting from their initial use in cryptocurrency exchanges to more widespread use in global finance. Research shows that stablecoins are increasingly being used for traditional financial purposes such as savings and trading in US dollars, as well as facilitating cross-border payments. The report also notes that the market capitalization of stablecoins is currently $163 billion, which is small compared to the overall financial market, but still has significant 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
Bitget Spot Margin Announcement on Suspension of DOG/USDT, ORDER/USDT, BSV/USDT, STETH/USDT Margin Trading Services
BGB holders' Christmas and New Year carnival: Buy 1 BGB and win up to 2026 BGB!
Bitget Trading Club Championship (Phase 20)—Up to 2400 BGB per user, plus a RHEA pool and Mystery Boxes
Subscribe to ETH Earn products for dual rewards exclusive for VIPs— enjoy up to 8% APR and share 30,000 USDT!
