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【Stablecoins: Currency Upgrade】Stablecoins Are Becoming Digital Currencies That Reshape Global Finance And Commerce. These Digital Currencies Are Designed To Maintain A Stable Value Relative To A Reference Asset (in Most Cases, A Fiat Currency Like The US Dollar) And Have Become A Bridge Between The Traditional Financial System And Blockchain Technology. The Market Value Of Stablecoins Backed By Fiat Currencies Has Swelled From The Conceptual Stage In 2018 To More Than $164 Billion In October 2024. In The Second Quarter Alone, Stablecoins Processed Nearly Twice As Many Transactions As Visa, With Monthly Transactions Often Exceeding Trillions Of Dollars. Stablecoins Generate Income By Investing Their Reserves 1:1 In Interest-bearing Assets, Such As Treasury Bills And Other Short-term Investment Instruments. The Global Money Supply (M2) Is Estimated To Be Approximately $129 Trillion. Global Remittances: In 2023, The Value Of Global Remittances Is Estimated To Reach $883 Billion, And Is Expected To Reach $913 Billion By 2025. Payments: As Of 2023, The Global Payment Market Is Worth $2.64 Trillion And Is Expected To Grow To $4.78 Trillion By 2029. Stablecoins Have The Technical Ability To Simplify The Payment Process, Making It More Efficient. One Of The Most Immediate And Obvious Use Cases For Stablecoins Is As A Store Of Value, Especially In Countries With Unstable Currencies Or Limited Access To The Global Financial System. Stablecoins Have The Opportunity To Replace Existing Processes Through Their Efficiency And Programmability. Stablecoins Already Exceed The Transaction Volume Of Most Cryptocurrencies And Will Soon Dominate Other Industries As Well. Stablecoins Are A Huge Opportunity For Entrepreneurs, Developers, And Innovators. Companies And Protocols That Successfully Navigate This Space Could Become The Financial Giants Of The Future. The Potential Is Enormous. Stablecoins Have The Power To Reshape The Financial System In A More Open, Efficient, And Inclusive Way. They Could Be The Key To Unlocking Global Financial Inclusion, Enabling New Business Models, And Creating A More Interconnected Global Economy
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