Stablecoins, as a new form of digital currency, are gaining popularity as a primary tool for internet payments, outpacing traditional card networks.
Global Leadership of Stablecoins in Payments
According to Noam Hurwitz, Alchemy's Director of Engineering, stablecoins now lead in the use for internet payments globally, surpassing traditional payment networks.
Integration of Stablecoins with Major Platforms
Companies like PayPal and Stripe have begun integrating stablecoins, enabling faster and cheaper transactions utilizing blockchain infrastructure.
Impact on DeFi and Financial Services Market
The rise of stablecoins has elicited community responses from DApp developers and payment companies, which may impact financial regulations and the development of technologies in blockchain infrastructure.
The popularization of stablecoins demonstrates significant changes in market structures and could act as a catalyst for transformation in the global financial system.
