A16z Crypto: Stablecoins provide an opportunity for 1 billion people to participate in cryptocurrency

Odaily Planet Daily News: a16z Crypto published an article titled "Stablecoins: A 1+billing user onboarding opportunity", which pointed out that in the past 12 months, the transaction volume of stablecoins has reached $33 trillion, continuously setting a new historical high, close to 20 times the transaction volume of PayPal and 3 times the transaction volume of Visa. Stablecoins have been integrated into these massive global payment networks that have existed for decades. The flourishing development of stablecoins has resulted in $128 billion of US Treasury bonds being held in stablecoins. This makes them among the top 20 holders of US treasury bond, even surpassing Saudi Arabia, South Korea, the United Arab Emirates and Germany. Citibank recently predicted that by 2030, the holding of stable currency in US treasury bond will reach 3.7 trillion US dollars, making it the largest holder on this list. For a long time, stablecoins have been criticized for only being used to settle speculative cryptocurrency transactions, but data shows otherwise.