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The article discusses the increasing popularity of stablecoins, which are pegged to a fiat currency, such as the US dollar. According to McKinsey & Company’s research, daily transfer volume may exceed $250 billion by 2028.
Stablecoin market capitalization has surpassed $285 billion, and the author notes that the float (the amount of money invested) will reach the low trillions by the late 2020s.
The article highlights a few key points:
1. The stablecoin market is growing rapidly and could surpass $250 billion in daily transfer volume.
2. Tether’s CEO has refuted claims that the company sold Bitcoin and bought gold, instead focusing on expanding its stablecoin offerings to include new assets.
3. There are multiple players in the stablecoin space, including USDC, Tempo, and bank-issued tokens.
The author concludes by emphasizing the importance of regulatory fit, fiat coverage, and enterprise integrations, suggesting that these factors will determine winners and losers in the stablecoin market.
Source: cryptoslate.com
