The application and usage of stablecoins in daily payments are rapidly expanding. Here are some key points:

1. Embedding in Payment Scenarios:

Traditional payment giants like PayPal have started to launch their own stablecoin PYUSD to embed in payment scenarios and strengthen regulatory frameworks. This trend indicates that stablecoins are moving from the crypto sphere into the mainstream financial system, becoming an important cornerstone of the global value internet.

2. Cross-Border Payments and Settlements:

The application of stablecoins in cross-border payment is rapidly expanding. For example, Ripple's RLUSD enhances its payment network by providing near real-time settlements, reducing friction, and lowering transaction costs. Additionally, Visa is collaborating with Bridge to promote the integration of stablecoins into everyday consumption scenarios, offering consumers more flexible fund management options.

3. E-commerce and Remittance Services:

E-commerce platforms are integrating stablecoin payments to provide a smoother checkout experience. Remittance services are also utilizing stablecoins to reduce costs and improve efficiency. For instance, Mesh has launched a crypto payment application on Shopify, allowing merchants to accept cryptocurrencies and settle transactions in stablecoins.

4. Market Size and Growth:

By 2024, the total market value of stablecoins is nearing $200 billion, with the market value expected to surpass $400 billion by 2025. This growth indicates that stablecoins have widespread applications in both retail and institutional sectors, from everyday payments to complex financial operations.

5. Technological Advancements and Market Demand:

With the rapid development of blockchain technology and stablecoin applications, stablecoins are expected to play an increasingly important role in payments, financial services, and various other industries in the future. For example, alternatives like Tron and Solana have handled over half of all stablecoin transactions, thanks to low transaction costs and high speed.

6. Business Cases:

Some companies have started to leverage stablecoins to optimize their payment systems. For example, Walmart has improved its net profit by using stablecoin payments to eliminate credit card fees. BVNK plans to launch an embedded wallet that combines fiat currency and stablecoins, aimed at providing faster payments for businesses and consumers.