Pantera Capital: Stablecoin adjusted trading volume exceeds $5 trillion in 2024

PANews reported on December 27 that according to Crowdfund Insider, Pantera Capital pointed out in a blog that although cryptocurrencies often attract attention for their volatility, tokens and liquidity, stablecoins are the key force that quietly promotes the popularity of cryptocurrencies. . From accounting for only 3% of blockchain transactions in 2020 to continuing to account for more than 50% of transactions today, 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 will exceed 5 trillion US dollars, 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 with strong demand for US dollars.

Pantera Capital added that stablecoins provide a 10x value proposition for traditional payment channels and are suitable for B2C payments (such as remittances) and B2B cross-border transactions. According to Juniper Research, cross-border B2B payments will reach approximately US$40 trillion through traditional payment channels in 2024. In the consumer payments market, global remittances account for tens of billions of dollars in annual revenue, and stablecoins are becoming a new means of global cross-border remittances through encrypted channels. With the rapid adoption of B2C and B2B payments, the supply and transaction volume of on-chain stablecoins are reaching record highs.