New Report Highlights Stablecoins Could Capture 10% of US Dollar Supply

Quick Summary:

Stablecoins, which have a present market valuation of less than $200 billion, are a negligible part of the world’s monetary transactions, accounting for less than one percent of the US currency supply and FX operations.

According to the research, a Trump-led administration in 2025 may make stablecoin-specific policies a priority.

Such as foreign remittances and corporate transactions, which are both time-consuming and expensive.

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Article Details

Author / Journalist: Ashfaq

Category: Crypto

Markets: United Arab Emirates

Topics: Market News BTC Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-01 @ 15:29:16 (3 weeks ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 287 words

Reading Time: 2 minutes read

Sentences: 26 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 24029581

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Year Established: 2020

Headquarters: United Arab Emirates

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