Bitwise Highlights Key Factors in Stablecoin Market

According to Odaily, Bitwise recently shared insights on the X platform, emphasizing the significance of the current stablecoin market. The company highlighted three main reasons for this attention. Firstly, the combined holdings of U.S. Treasury bonds by the top five stablecoin projects surpass those of some G20 countries, including Germany. This substantial investment underscores the growing influence and financial power of stablecoins in the global market. Secondly, major corporations such as Visa and other publicly traded companies are increasingly adopting stablecoins. This trend indicates a broader acceptance and integration of stablecoins into mainstream financial systems, enhancing their credibility and utility. Lastly, Tether's profits last year exceeded those of BlackRock, showcasing the profitability and economic impact of stablecoins. This remarkable financial performance highlights the potential of stablecoins to generate significant revenue and influence within the financial sector.