Stabilization and the Future of Cryptocurrency
Regulation of stablecoins is becoming the 'next catalyst' for the cryptocurrency industry, potentially sparking unprecedented interest from institutional investors. According to Ash Pampati from Aptos Foundation, the world outside the United States has quickly embraced stablecoins, while the U.S. is still at the threshold. Pampati emphasizes the importance of stablecoins in creating new use cases due to their borderless nature and the efficiency of on-chain USD.
Stablecoins are commonly used for cross-border money transfers, reducing costs and traditional financial barriers. They also help combat the depreciation of fiat currency, especially in emerging markets. Research from Fireblocks shows that Latin America leads in the use of stablecoins for cross-border payments, with 71% of survey participants adopting this technology.
Data from Fireblocks also shows that 86% of businesses are readying their infrastructure to accept stablecoins, and 75% see demand from customers. This indicates that trust in stablecoins is increasing, not only because of the technology but also due to reduced legal barriers.
Regulators worldwide are working to regulate stablecoins, such as the EU's MiCA regulation and some actions in the United States and the United Arab Emirates. These advancements are fueling the growth of this sector, as institutional investors increasingly show strong interest.
Conclusion
Stabilization regulation is not only a growth opportunity but also a foundation for the future of cryptocurrency. The attention from investors and cross-border trading flows demonstrate the vast potential of stablecoins.
Source: https://tintucbitcoin.com/dieu-chinh-stablecoin-cu-hich-tiep-theo-cho-tien-dien-tu/
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