#StablecoinPayments
NOW a days Crypto acceptance going on moon and stable coin payments re key role in it
1. The Rise of Stablecoins in Payments
Stablecoins—cryptocurrencies pegged to reserve assets like the U.S. dollar or gold—have surged in adoption due to their price stability and efficiency. In 2024, their total transfer volume reached $27.6 trillion surpassing Visa and Mastercard combined . Major players like *Tether (USDT) and USD Coin (USDC)dominate the market, with USDT’s daily transactions often exceeding $20 billion . Their appeal lies in:
- Low-cost cross-border transactions, Fees are a fraction of traditional remittance services (e.g., 1–3% savings on forex fees).
- Speed Settlements occur in minutes, bypassing intermediaries like SWIFT .
- Financial inclusion, Serving unbanked populations via apps like PayPal’s
MIXED OPINION INCLUDING RESEARCH FROM AI TOOL LIKE "DEEP SEEK"
