The stablecoin market is in a phase of rapid growth and is expected to develop into a trillion-dollar industry.
Stablecoins are digital tokens backed by the USD or U.S. government bonds. The boom in this market is driven by new regulations and the significant potential of the global payment market.
MAIN CONTENT
The current size of the stablecoin market is approximately $271 billion and is expected to grow by 40% annually.
The growth impetus comes from the potential of the global payment market worth $240 trillion.
The clear legal framework from the GENIUS Act contributes to strong growth of stablecoins.
What stage is the stablecoin market currently at and what is its growth potential?
Analysis from Goldman Sachs shows that the global stablecoin market currently stands at about $271 billion and is in a rapid expansion phase with a compound annual growth rate of 40%. This is a clear sign that stablecoins are attracting significant attention from investors and users.
Stablecoins are growing thanks to the support of new regulations and diverse demand in digital payments. By 2027, the market capitalization of USDC could increase by an additional $77 billion, demonstrating the appeal and long-term potential of this cryptocurrency in the global market.
How does the global payment market impact the development of stablecoins?
Data from Visa indicates that the current size of the global payment market is around $240 trillion, with consumer payments accounting for $40 trillion. This is a vast market that provides growth opportunities for stablecoins as an effective and convenient payment means.
With its ability to maintain stable value and transparency, stablecoins meet the need for quick and low-cost cross-border payments. This helps expand their use, enhance liquidity, and create growth momentum for the cryptocurrency and digital finance markets.
What role does the current legal framework play in promoting stablecoins?
U.S. Secretary of the Treasury Scott Bessent asserts that stablecoins not only reinforce the USD's position as the global reserve currency but also expand access to the U.S. economy globally, thereby increasing demand for U.S. government bonds. The GENIUS Act provides a transparent legal basis, helping stabilize the market and promote sustainable growth.
Stablecoins will be a tool to expand access to the global USD economy and boost demand for U.S. government bonds.
Scott Bessent, U.S. Secretary of the Treasury, 2024
This legal framework addresses risks, protects users, and enhances trust for investors as well as financial institutions participating in the stablecoin sector.
How are major stablecoins like USDC expected to develop by 2027?
Goldman Sachs predicts that USDC could increase by $77 billion in the next 3 years, thanks to widespread acceptance and favorable regulations. USDC is gradually becoming the preferred choice in commercial transactions and digital finance due to its backing by the USD and high stability.
The expansion of digital financial infrastructure and the integration of stablecoins into major ecosystems further increase the appeal of USDC to global investors and businesses.
Frequently Asked Questions
What are stablecoins?
Stablecoins are a type of cryptocurrency token backed by valuable assets like the USD or government bonds, helping to maintain stable prices compared to other coins.
What is the current size of the stablecoin market?
The current market size of stablecoins is approximately $271 billion, with an expected growth rate of 40% annually over the next few years.
Why are stablecoins growing rapidly in the payment market?
Stablecoins meet the demand for fast, low-cost, and stable international payments, suitable for the global payment market worth $240 trillion.
How does the GENIUS Act affect stablecoins?
The GENIUS Act creates a clear legal framework, helping to reduce risks and promote the sustainable development of the stablecoin market.
How will USDC develop in the future?
USDC is expected to increase by an additional $77 billion by 2027 due to its appeal in payments and favorable regulations.
Source: https://tintucbitcoin.com/stablecoin-du-bao-tang-truong-vuot-troi/
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