$BTC $XRP A joint report by the digital asset investment firm Keyrock and the cryptocurrency exchange Bitso predicts that stablecoins will achieve a historic leap, raising their share to about 12% of global cross-border payments by 2030, equivalent to one dollar out of every eight dollars transferred across borders.

The report indicated that this potential boom is contingent upon resolving regulatory challenges, enhancing liquidity, and improving interoperability, noting that the share of stablecoins in 2024 did not exceed 3% of the global remittance market valued at $195 billion, but their payment volume could reach one trillion dollars within five years.

The sector is already witnessing regulatory developments that support this trajectory, with the Genius law passed last July granting stablecoins legal recognition, in addition to the implementation of the European MiCA regulation to govern their use within the European Union.

This new regulatory environment has opened the door for fintech companies, payment firms, and 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.#REVABinanceTGE #HotJulyPPI