{"id":38049,"date":"2024-09-19T10:37:00","date_gmt":"2024-09-19T10:37:00","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/stablecoins-gain-systemic-importance-according-to-bernstein-report\/"},"modified":"2024-09-19T10:37:00","modified_gmt":"2024-09-19T10:37:00","slug":"stablecoins-gain-systemic-importance-according-to-bernstein-report","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/stablecoins-gain-systemic-importance-according-to-bernstein-report\/","title":{"rendered":"Stablecoins Gain Systemic Importance, According to Bernstein Report"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
\n<\/p>\n

\n

Cryptocurrencies known as \u201cstablecoins,\u201d which are backed by reliable assets like the US dollar, are becoming more and more significant in the world economy. Stablecoins are now the 18th-largest investors of US Treasury bonds, according to a new research by Bernstein, demonstrating their expanding prominence in the financial sector.<\/p>\n

Stablecoin supply has increased to a record high of $170 billion following a decline in 2023. A noteworthy development in the research was the tripling of monthly volumes of on-chain payments to $1.4 trillion by July 2024. Gautam Chhugani, a lead analyst at Bernstein, noted, \u201cStablecoins provide USD savings access to international users, propagating digital dollars beyond the U.S.\u201d<\/em><\/p>\n

Integration with Fintech and Cross-Border Payments<\/strong><\/h2>\n

Fintech companies like PayPal, MercadoLibre, and Grab are increasingly incorporating stablecoins into their payment systems, making digital dollars more accessible worldwide. Their growing use in cross-border transactions also stands out, with Bernstein stating, \u201cUSD stablecoins on crypto rails are now the cheapest cross-border payments rails.\u201d<\/em> Transferring $1,000 on layer 2 blockchains costs as little as one cent.<\/p>\n

Layer-1 blockchains serve as the core infrastructure, while layer 2 solutions enhance transaction speed and scalability. This layered approach makes stablecoins an attractive option for low-cost, efficient cross-border payments.<\/p>\n

Stablecoins are becoming popular among international users, particularly in emerging markets where they serve as a hedge against local currency instability. Bernstein\u2019s research indicates that younger generations are embracing these digital assets, with 20% of individuals aged 18-24 holding up to half of their portfolios in stablecoins.<\/p>\n

\n
\n
\n
\n
\n
177% up to 5BTC + 77 Free Spins<\/strong>!<\/strong> <\/p>\n

New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

As stablecoins continue to integrate into mainstream finance, their influence on global transactions and digital savings is expected to expand, providing new opportunities and challenges for the financial system.<\/p>\n<\/p><\/div>\n

Source link <\/a>
\n
<\/p>\n","protected":false},"excerpt":{"rendered":"

(Originally posted on : Crypto News – iGaming.org ) Cryptocurrencies known as \u201cstablecoins,\u201d which are backed by reliable assets like the US dollar, are becoming more and more significant in the world economy. Stablecoins are now the 18th-largest investors of US Treasury bonds, according to a new research by Bernstein, demonstrating their expanding prominence in […]<\/p>\n","protected":false},"author":35,"featured_media":38050,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38049"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=38049"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38049\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/38050"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=38049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=38049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=38049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}