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From a financial perspective, can stablecoins become mainstream?
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Stablecoins provide a low-cost, efficient cross-border payment method, enabling global users to more easily access mainstream currencies such as the US dollar, especially in regions where fiat currencies are depreciating or financial infrastructure is underdeveloped. This borderless nature helps promote global financial inclusion and enhance the influence of the US dollar in the international market.
Since stablecoins can be traded 24/7 and settled instantly, they have the potential to improve liquidity in traditional financial markets. Compared with bank transfers and traditional securities clearing systems, stablecoins are faster and cheaper, which can optimize the flow of funds and improve the efficiency of capital markets.
The programmability of stablecoins enables them to be embedded in smart contracts, enabling innovative applications such as automated settlement, decentralized finance transactions, and payment automation. This capability enables stablecoins to become an important infrastructure for the future digital economy, providing institutions and individuals with more abundant financial tools.
The traditional financial system relies on multiple intermediaries, increasing transaction costs and settlement delays. Stablecoins can reduce reliance on intermediaries and enable peer-to-peer transactions, thereby reducing payment and clearing costs. Especially for international trade and cross-border e-commerce, stablecoins can provide a faster and cheaper payment solution than the SWIFT system.
As stablecoins grow, more and more financial institutions, payment companies, and governments are beginning to explore compliance frameworks. For example, Circle's USDC has established cooperation with many banks and financial institutions, and some countries are also studying how to guide stablecoins into the financial system. After the compliance path is clear, stablecoins are expected to be adopted on a large scale around the world and become an important part of digital finance.
YES
