Reported 4 days ago
The $205 billion stablecoin market is experiencing significant growth, with major financial players like Visa, PayPal, and Stripe investing in this sector designed to maintain a stable value linked to traditional currencies. As demand increases for stablecoins for transactions in underserved payment markets, companies see an attractive business model in issuing these tokens. However, regulatory changes in the EU and past failures, such as TerraUSD, highlight the risks involved. The future of stablecoins appears promising as they could serve as a bridge for traditional companies entering the cryptocurrency space.
Source: YAHOO