#StablecoinPayments growth of the indicator from the current 244.6 billion to 2 trillion dollars by 2028. The authors of the report noted that stablecoins are already "widely used as cash on the blockchain, effectively serving as a new payment mechanism." Ministry of Finance Report
What else is known? In addition, the emergence of tokenized money market funds "has created an alternative to stablecoins, primarily due to their yield," the report states.