#StablecoinPaymentsNews
Stablecoins are an alternative way to store and transfer value, typically linked to a fiat currency (or any relatively stable asset) using distributed ledger technology (DLT) solutions. The enormous growth in the number and use of stablecoins, as well as their increasing potential for positive uses, is attracting the attention of regulators, as evidenced by this recent quote from the U.S. Federal Reserve: "Last year, dollar-pegged stablecoins traded on public blockchains experienced tremendous growth, with a total circulating supply of approximately $130 billion as of September 2021 - an increase of more than 500% compared to the previous year... [Moreover], payment companies can use internal and licensed distributed ledger technology to settle payments efficiently, which theoretically amounts to a stablecoin."
