Stablecoins need to be deeply integrated into retail payment scenarios for sustainable development and to enhance ecological value.
Expanding the usage scope and circulation channels of stablecoins helps enhance liquidity and market vitality of this currency-attribute product.
MAIN CONTENT
Stablecoins must deeply integrate with everyday life to develop sustainably.
Expanding the scope and circulation channels will increase the ecological value and liquidity of stablecoins.
Research and application of stablecoins in retail payments have been a focus since last year.
What is a stablecoin and why is it necessary to integrate it into retail payments?
Financial experts confirm that stablecoins are asset products with currency attributes, requiring the development of a large ecosystem to increase their survival in the market. Integration into retail payments allows stablecoins to play a role in stabilizing value, meeting daily transaction needs.
Stablecoins play the role of both currency and a sustainable payment tool, less volatile compared to other cryptocurrencies, helping consumers and businesses feel secure when using them in life and business.
What are the benefits of expanding the usage scope and circulation of stablecoins?
Market analysts confirm that expanding the scope and circulation of stablecoins helps increase accessibility and liquidity, thereby enhancing the overall ecological value of this cryptocurrency.
Stablecoins thrive when widely integrated, increasing circulation and practical applications will create a healthier and more sustainable digital economy.
Financial expert, Vietnam Blockchain Seminar 2024
Diversifying payment channels supports users to use stablecoins flexibly in various situations, from shopping, services to daily expenditures. According to the 2023 market report, the stablecoin group achieved an average transaction volume growth of 25% each quarter thanks to this wide application.
What has the company done to promote the application of stablecoins in practice?
The product development director of a large technology company stated that since last year, the company has implemented in-depth research and testing of stablecoin applications in daily retail payment scenarios.
This team focuses on developing integrated payment solutions for stablecoins to enhance user experience, ensuring safety and convenience. This initiative aims to expand the application of stablecoins in small transactions and accelerate market acceptance.
Stablecoins and the importance of the digital economy ecosystem
Blockchain experts affirm that a diverse and rich ecosystem for stablecoins is a key factor supporting the long-term and stable development of these cryptocurrency products.
A rich ecosystem helps build trust and increase the long-term vitality of stablecoins in the increasingly fierce market competition.
Nguyễn Văn A, CEO of a Financial Technology Company, 2023
The construction of this ecosystem involves developing financial utilities, partner networks, as well as refining standards and regulations to support stable and large-scale operations for stablecoins.
Frequently Asked Questions
What is a stablecoin? A stablecoin is a cryptocurrency with a stable value, often pegged to fiat currency, helping to reduce volatility in transactions. Why do stablecoins need to be integrated into retail payments? Integration helps stablecoins increase applicability, liquidity, and sustainable development in daily transactions. What are the benefits of expanding the stablecoin circulation channels? Expansion helps increase user accessibility, create profits, and value for the entire stablecoin ecosystem. What has the company done to implement stablecoins? Research and development of solutions to integrate stablecoins into the retail payment sector have been conducted since last year to enhance user experience. What role does the ecosystem play for stablecoins? A rich ecosystem helps increase trust, operational stability, and sustainability for stablecoins in the market.
Source: https://tintucbitcoin.com/yuxin-tech-ung-dung-stablecoin-thanh-toan/
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