Stablecoins Are Key to the Future of Finance

The digital asset industry has seen its share of failure and uncertainty over the last 18 months, sowing doubt in public perceptions around crypto, forcing the hand of regulators and muting the ecosystem’s overall growth. Unsurprisingly, this has resulted in a cautious outlook for digital assets by some, at least in the short term.

However, against this backdrop of fear and uncertainty, stablecoins–a relatively new financial tool–has quickly emerged as a near-unanimous choice for inclusion in our future economic system.

As their name suggests, stablecoins maintain a stable value relative to a specific asset, making them valuable for various financial market use cases, and in times of market volatility, as a store of wealth.

Surprisingly, the list of use cases for stablecoins has exploded during a market downturn which has further engendered their use to fintechs, payment companies, institutional banks and investment firms. Many of these market participants are either already utilizing stablecoins in everyday finance or exploring ways to.

In our new guide, “The Rise of Stablecoins and the Future of Finance,” we show how the steep rise in stablecoin use inspires other market participants and how digitizing stable assets will ultimately unlock the potential of global financial markets.

The guide provides the context of stablecoins’ accelerating acceptance, noting key points in their rise, such as:

  • Stablecoins used as a digital asset for settlement and trading are represented by a total value settled topping $7T in 2022
  • Estimates see as much as $5T of global assets moving to stablecoins and other digital money formats by 2030
  • Why using regulated stablecoins is crucial, as only regulated stablecoins provide proper transparency and reserve composition oversight

As mainstream adoption of stablecoins scales, we will continue to see important benefits for the financial system. For example, Stablecoins can operate seamlessly across various blockchain platforms and wallets when designed for interoperability, which can unlock the benefits of cohesion. Yet despite stablecoins’ obvious advantages and the surging market enthusiasm behind them, stablecoin issuers must fully comply with current and future regulations to maintain the integrity of all financial markets.

Download your free copy of “The Rise of Stablecoins and the Future of Finance” below, and see why stablecoins are poised to succeed as core components of the future financial system.

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