Stablecoins play a pivotal role within the cryptocurrency industry, being used as the basis for most trading activity.
A study by Juniper Research shows that the use of these financial products will grow by leaps and bounds in the coming years even outside of the crypto industry, particularly in what concerns the cross-border payments market.
How much are stablecoins being used in 2023 and what is the future forecast?
Let’s delve deeper into this topic in this article.
The use of stablecoins could grow dramatically in the coming years
Stablecoins, i.e cryptocurrencies pegged to the value of a fiat currency, are one of the key building blocks of the cryptocurrency industry, allowing users to trade with an asset free from volatility.
However, trading is not the only area where these assets are most widely used, just think of their use in DeFi, such as in lending protocols, AMMs and interoperability platforms.
In any case, stablecoins can also play a key role outside the mere world of
We współpracy z: https://en.cryptonomist.ch/2023/07/09/bullish-outlook-stablecoin-market/
