Billion

Coin

<ul class="wp-block-list">
 <li>Stablecoins are becoming essential in emerging markets for payroll, savings, and daily transactions.&nbsp;&nbsp;</li>  
 <li>Their market rebounded strongly after losses in 2022, growing by 50% in the last year.&nbsp;&nbsp;</li>  
 <li>Tether and USD Coin lead the market, proving stablecoins are vital for global financial systems.&nbsp;&nbsp;</li> 
</ul>  
<p>Stablecoins have reached a $190 billion market cap as their use continues to grow rapidly, especially in emerging markets facing financial uncertainty. A recent survey revealed that 69% of respondents converted their local currencies into stablecoins, while businesses and individuals adopted them for everyday financial transactions, payrolls, and cross-border payments.&nbsp;&nbsp;</p>  
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<p>Max Avery, a well-regarded analyst, recently highlighted the growing prominence of stablecoins in developing countries, where they are increasingly used for everyday financial activities such as saving, currency exchange, and international transaction . Avery noted that while many associate stabilized tokens primarily with crypto trading, their adoption extends far beyond that, serving as a lifeline for individuals and businesses in regions like Brazil, Nigeria, Turkey, Indonesia, and India.</p>  
<h2 class="wp-block-heading" id="h-emerging-economies-rely-on-stablecoins-for-financial-solutions"><strong>Emerging Economies Rely on Stablecoins for Financial Solutions</strong></h2>  
<p>A recent study cited by Avery reveals that stablecoins are gaining&nbsp; traction. An impressive 69% of respondents reported exchanging their local currencies for stablecoins, emphasizing their practical use in volatile economic environments. Additionally, 39% of users leverage stablecoins for purchases, international transactions, or sending remittances. Notably, 30% of businesses rely on stablecoins for transactions, while 23% use them to disburse salaries, showcasing their growing integration into financial and corporate ecosystems.</p>  
<p>Representing a $190 billion asset class, stablecoins—predominantly pegged to the U.S. dollar—are proving to be a critical bridge between fiat currencies and digital assets. Avery emphasized their growing popularity as both a secure store of value and a cost-effective payment method, particularly in regions with high currency devaluation and underdeveloped banking systems. This trend positions stablecoins as indispensable tools for financial stability and inclusion in emerging markets.</p>  
<h2 class="wp-block-heading" id="h-stablecoins-recover-after-2022-market-decline"><strong>Stablecoins Recover After 2022 Market Decline</strong></h2>  
<p>The stablecoin market has made a strong recovery since the 2022 TerraUSD collapse, which caused a $19 billion loss in value. In 2024, market capitalization climbed to $170 billion by midyear and continued its growth with an overall 46% increase.&nbsp;&nbsp;</p>  
<p>Stablecoins have also seen their total value grow by over 50% in the past year, which reflects their resilience and expanding role in global finance. With these assets reshaping transactions and savings worldwide, one question arises: will stablecoins redefine traditional banking in underbanked regions?&nbsp;&nbsp;</p> 
<p>The post <a href="https://cryptonewsland.com/stablecoins-surge-to-190-billion-market-cap-transforming-global-transactions/" rel="noopener noreferrer nofollow">Stablecoins Surge to $190 Billion Market Cap, Transforming Global Transactions&nbsp;</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Stablecoins Surge to $190 Billion Market Cap, Transforming Global Transactions

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