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Matt Hougan, Chief Investment Officer at crypto asset management company Bitwise, stated that major tech platforms experimenting with payments using stable cryptocurrencies could create a massive growth wave in the sector.
According to Hougan, thanks to initiatives like these, the total value of the stablecoin market could reach approximately $4 trillion by 2030. This represents a significant increase compared to the current market capitalization of around $302 billion.
Hougan emphasized that it is critical for digital platforms, especially those operating on a global scale, to start paying content creators and freelancers with stablecoins.
For example, DoorDash, in collaboration with Stripe, is testing stablecoin-based payment systems for nearly 10 million couriers in over 40 countries. Similarly, Meta offers content creators the ability to pay with stablecoins via the Solana and Polygon networks in the Philippines and Colombia.
According to Hougan, the biggest advantage of these systems is that they greatly simplify global micro-payments. The fact that users can receive payments with just a wallet address, without needing local banking infrastructure or currency conversion, could enable millions of new users to join the crypto ecosystem.
Meanwhile, Western Union has launched its stablecoin, USDPT, on the Solana network, and Visa has achieved an annual transaction volume of approximately $7 billion in its stablecoin payment pilot program. These developments indicate that the role of stablecoins in the global financial system is rapidly growing.
*This is not investment advice.
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