A report by French fintech company Next Generation predicts explosive growth in the stablecoin sector of the cryptocurrency market. The report estimates that the industry will reach a value of $3.4 trillion by 2029, a 19-fold increase from the current market value of $177 billion. Stablecoins, which offer advantages such as improved transaction efficiency and reduced cross-border costs, have been gaining popularity and have even outperformed Visa in terms of transaction volumes. The report also highlights the impact of the recent European regulation MiCA on the stablecoin market, with compliant currencies gaining more traction in Europe. The president of Next Generation believes that the growth of stablecoins, particularly Euro-pegged stablecoins, will be the driving force behind the industry's expansion in the coming years.



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