Stablecoins have moved beyond the origin of their crypto trading, which is intended to accelerate payments and settlements from Fintk and banks, drawing the attention of US MLAs, who passed the Genius Act last month – one step analysts said that long -awaited registration.
Before the Senate passed the Stablecoin Bill, the Standard Chartered estimated that the market could reach $ 2 trillion by 2028, while on June 30, Bernstein predicts that the supply would be about $ 4 trillion in the next decade.
But JP Morgan said that the payment of StableCoins is low, which is only 6% or about $ 15 billion of demand. The Stablecoin market is estimated at $ 250 billion, with most consumption focused in crypto trading, decentralized money and collateral.
You know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in terms of seconds. Thus, reliable answers to such questions are crucial for investors.
“The idea that Stablecoins will change traditional money for everyday use is far away,” Brokerage said.
Living events
The adoption of stabilocoin beyond the crypto markets faces limited use cases and regulations of fragments, while international consumption is limited as most countries focus on their own digital currencies or strengthen existing payment systems.
In June, the head of the Central Bank of China promised to expand the international use of digital yuan or e-CNY.
E-CE Murse Giant Alibaba’s ancillary Ant Group said it runs a mobile payment application Ellip, plans to apply for a license to issue stables in Hong Kong by its foreign arm Ant International.
JP Morgan said, “The rapid expansion of e-CNY or the success of the Ellipe and Vichet Peni represents samples for stabilocoin expansion in the future.”
(Now you can subscribe to our Etmarkets WhatsApp channel)
