PANews reported on December 27 that according to Crowdfund Insider, Pantera Capital pointed out in a blog that although cryptocurrencies often attract attention due to their volatility, tokens and liquidity, stablecoins are the key force that quietly promotes the popularization of cryptocurrencies. From accounting for only 3% of blockchain transactions in 2020 to now accounting for more than 50% of the transaction share, stablecoins have achieved significant growth.
Pantera Capital emphasizes that stablecoins are the killer value proposition of cryptocurrencies and are non-speculative in nature. In 2024, the adjusted stablecoin trading volume exceeded $5 trillion, involving nearly 200 million accounts, becoming its breakthrough moment. This time, stablecoins are not limited to the decentralized finance (DeFi) ecosystem, but are more widely used in other fields. In the past few years, stablecoins have enabled seamless cross-border payments by providing access to US dollars, especially in emerging markets where demand for US dollars is strong.
Pantera Capital added that stablecoins offer a 10x value proposition to traditional payment channels, and are applicable to B2C payments (such as remittances) and B2B cross-border transactions. Juniper Research predicts that cross-border B2B payments will reach approximately $40 trillion through traditional payment channels in 2024. In the consumer payment market, global remittances generate tens of billions of dollars in annual revenue, and stablecoins are becoming a new means of global cross-border remittances through crypto channels. With the rapid adoption of B2C and B2B payments, the supply and transaction volume of on-chain stablecoins are reaching record highs.
