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Two trillion dollars is the value of the stablecoin market

Standard Chartered Bank estimated in a recent report that the stablecoin market could rise to two trillion dollars over the next three years after its expected approval.

The statement noted that "with increasing global regulatory clarity, stablecoins are evolving from trading instruments for cryptocurrencies to foundational solutions that bring efficiency and programmability to payments, exchanges, and financial transfers."

Alongside this announcement, Mastercard also announced its collaboration with the cryptocurrency trading platform "OKX" to launch a new card. Mastercard is already collaborating with several cryptocurrency companies, including "MetaMask," in the area of cryptocurrency-backed debit cards.

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