News Formal

U.S. Stablecoin Market Could Grow Tenfold, Standard Chartered and Zodia Markets Say

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Stablecoin market cap and use could expand tenfold once these cryptos are regulated in the U.S., Standard Chartered and Zodia Markets said.

U.S. regulation of the sector could trigger a surge in stablecoin adoption, Standard Chartered and Zodia Markets said.

Stablecoins could grow to 10% of the U.S. money supply and foreign exchange transactions once the sector becomes more legitimized, Standard Chartered and Zodia Markets said in a report Thursday. "As the sector becomes legitimized, a move to 10% on each measure is feasible," wrote authors Geoff Kendrick and Nick Philpott.is a type of crypto that is designed to hold a steady value and is usually pegged to the U.S. dollar, though some other currencies such as gold are also used. M2 is a measure of U.S. money supply, and includes cash, savings and other short-term investments.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 291. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Crypto Market Cap Could Balloon to $10T by 2026 Under Trump Administration: Standard CharteredWill Canny is a finance reporter at CoinDesk.n
Källa: CoinDesk - 🏆 291. / 63 Läs mer »