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  1. Stablecoins are establishing themselves as a fundamental component of the global financial system.

Standard Chartered Estimates Global Stablecoin Market Value at $299.2 Billion

1 report, 1 independent Updated Sun 00:00
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Standard Chartered estimated that the global stablecoin market was valued at slightly over $299.2 billion as of October 28, which is an increase from $131.9 billion five years ago. The bank also estimated that the stablecoin market could reach a total value of $2 trillion by 2030. As of October 28, Tether held the largest stablecoin market cap at $182.3 billion, accounting for 60.8% of the total stablecoin value.

From fool.com

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Stablecoins are becoming a fundamental component of the global financial system. Tether's reserves include $114.9 billion in Treasury bills, $18.8 billion in gold, $5.8 billion in Bitcoin, and $13.5 billion in secured loans. Following a decline in gold and Bitcoin, Tether's excess-reserve cushion was reduced to $4.1 billion.

Stablecoins are establishing themselves as a fundamental component of the global financial system.

From fool.com

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