Stablecoins have rapidly risen in daily payments in recent years due to their stable value, becoming a key player in the digital economy. According to the latest reports, the trading volume of stablecoins has exceeded $28 trillion, surpassing Visa and Mastercard, demonstrating their potential for mainstream payment. For example, USDT's issuance on the Tron blockchain exceeds $75 billion, accounting for over 50%, making it the leader in the stablecoin market. USDC's trading volume on Ethereum has also reached a new high of $908 billion, highlighting its popularity in financial applications.

In everyday scenarios, stablecoin payments are quick and convenient, allowing consumers to complete transactions within seconds by scanning a digital wallet, without the need for bank intermediaries, with transaction fees as low as a few cents. Cross-border payments benefit from stablecoins by avoiding exchange rate risks, especially in e-commerce and international remittances. Blockchain technology ensures transaction transparency and reduces fraud risk.

However, regulation remains a challenge. The U.S. 'GENIUS Act' stablecoin legislation is set to be voted on 5/19, which may provide a clear framework for the market. The Hong Kong Monetary Authority has also launched a 'sandbox' for stablecoin issuers to promote compliant development. With institutional adoption reaching 49%, stablecoins are moving from the margins to the mainstream, facilitating the inclusion of unbanked populations into global finance and ushering in a new era of digital payments.

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