The use of stablecoins in global transactions is poised for significant growth, with a recent projection suggesting that transaction volumes could reach 1.5 quadrillion dollars by 2035.
This figure represents a substantial increase from the current volume of 315 billion dollars in the first quarter of this year.
The growth of stablecoins is driven by several factors, including increasing adoption by financial institutions, the expansion of decentralized finance (DeFi), and usage in emerging economies as a monetary alternative.