According to ChainCatcher, Alchemy's engineering director Noam Hurwitz stated that stablecoins have become the backbone of internet payments, with their adoption now surpassing that of major traditional card networks.
Companies like PayPal and Stripe are integrating stablecoins to leverage on-chain infrastructure for faster and cheaper transactions. Stablecoins are popular in cross-border payments and prediction markets due to their low cost, speed, global reach, and security.
