Can Stablecoin Volume Surpass Visa This Quarter?
Research firm Sacra predicts that stablecoins will “surpass” Visa in total payment volume by the second quarter of 2024, but Visa’s head of cryptocurrency disagrees.
![image JinseFinance](https://image.coinlive.com/24x24/cryptotwits-static/9e021fa1f8e48e84c05a9c950c3e45dd.png)
Research firm Sacra predicts that stablecoins will “surpass” Visa in total payment volume by the second quarter of 2024, but Visa’s head of cryptocurrency disagrees.
Sony Bank pioneers stablecoin trial on Polygon blockchain, exploring financial innovation and Web3 integration.
Tether, the world's leading stablecoin issuer, is undergoing a leadership shift, with Paolo Ardoino set to become the CEO in December 2023.
The primary function of the Frax Protocol is to maintain the FRAX price at $1.000 by using AMO contracts, real-world assets (RWAs), and governance actions facilitated by frxGov, leveraging USD oracles as a reference.
A new breed of app-specific stablecoins could be just what DeFi needs.
The main idea is in LLAMMA: replacing liquidations with a special-purpose AMM.
How will this $150 billion industry evolve?
The U.S. continues to lead the world in regulating and embracing the cryptocurrency industry, but the Stablecoin TRUST Act may present quite a few hurdles for new entrants.
Although USDC is the second largest Stablecoin, it is the most used on-chain Stablecoin in the Crypto space.