A joint report by the digital asset investment firm Keyrock and the cryptocurrency exchange Bitso expects stablecoins to achieve a historic leap, increasing their share to about 12% of total cross-border payments globally by 2030, which equates to one dollar of every eight dollars transferred across borders.
The report noted that this potential boom is contingent upon addressing regulatory challenges, enhancing liquidity, and improving interoperability, explaining that the share of stablecoins in 2024 did not exceed 3% of the global remittances market, which amounts to $195 billion, but their payment volume could reach one trillion dollars within five years.
The sector is already witnessing regulatory developments that support this path, most notably the signing of the Genius Act by U.S. President Donald Trump last July, which grants stablecoins legal recognition, in addition to the entry into force of the European MiCA regulation to regulate their use within the European Union.
This new regulatory environment has opened the door for fintech companies and payment firms, even banks, to compete with major players like Tether and Circle, at a time when stablecoin companies are moving towards developing their own blockchain networks to enhance their share of settlement revenues. #solana #BNB_Market_Update #BTCHashratePeak #ETH $BTC $BNB $SOL
