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According to the latest report by Next Generation, the crypto trend of the stablecoin sector could explode exponentially in the coming years. The French fintech company estimates that the growth trend will continue until 2029, with the industry reaching a value of 3.4 trillion dollars. Stablecoins will be one of the primary resources in the field of digital payments, capable of improving transaction efficiency and reducing cross-border costs. Let’s see all the details below. Next Generation report: bright future trend for crypto payments in stablecoin According to the report by Next Generation, a French fintech company, the crypto stablecoin market is at the dawn of a strong growth trend. The experts of this group believe that the capitalization of the sector will exceed 3.4 trillion dollars by 2029. We are talking about a 19-fold increase in the current market value, considering that the industry as a whole is worth 177 billion dollars. This projection, although it may seem excessively ambitious, does not surprise the insiders of the crypto world. Stablecoins are indeed becoming increasingly popular, with numbers that intimidate the main providers of electronic payments. As reported in the latest study report by A16Z, later shared by the user “Francesco Piccoli”, stablecoins have outperformed VISA in Q2 2024. In total, in the last quarter, the digital payments giant recorded a trading volume of 3.9 trillion dollars. The stablecoin have more than doubled this value, reaching 8.5 trillion dollars. Despite this, Visa hosted a number of operations almost 54 times greater. I just went through the newly-released @a16zcrypto “State of Crypto Report 2024”. The major highlight for me was the data on stablecoins. Stablecoin transaction volumes more than doubled Visa’s $3.9 trillion in transactions over the second quarter of 2024. Their volumes and… pic.twitter.com/ke82rHt7y4 — Francesco Piccoli (@francescpicc) October 18, 2024 The advantages…

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Filed under: News - @ October 26, 2024 8:12 am