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Cryptocurrency News Articles

The Stablecoin Market Continues to Demonstrate Its Potential to Reshape Global Finance

Nov 29, 2024 at 05:20 am

The stablecoin market continues to demonstrate its potential to reshape global finance, with its market capitalization reaching a record $190 billion, according to DeFiLlama data.

The Stablecoin Market Continues to Demonstrate Its Potential to Reshape Global Finance

Key Points:

Stablecoin market reaches record high with $190 billion market cap.

Stablecoin adoption could rise to 10% of US M2 money supply transactions.

Regulatory reforms under Trump administration could accelerate adoption.

Analysts attribute growth to sector legitimization.

Expected to boost adoption in cross-border payments, payroll, trade settlement, and remittances.

News source:cryptobriefing.com

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