A new study from Juniper Research has found that the value of payment transactions powered by stablecoins will exceed $187 billion globally by 2028, up from $53 billion in 2023.
The study found that stablecoins are making rapid progress in the cross-border market in particular, with them representing a key way to bypass slow, expensive and difficult-to-track existing cross border payment rails.
For those who came in late Stablecoins are cryptocurrencies that have their value pegged to a fiat currency or commodity, removing the volatility inherent to a typical cryptocurrency.
