Summary
- Standard Chartered (SC) predicted that Stablecoin will lead to large-scale asset selection.
- Stablecoin is gaining attention in the global banking market by improving the accessibility of existing banking systems.
- It is expected that growth will accelerate if U.S. Stablecoin regulation is passed.
Global Banking Corporation Standard Chartered (SC) predicted that the stability of Stablecoin will lead to large-scale asset selection (tokenization).
On the 28th (local time), Standard Chartered stated in a research report, "Initially, Stablecoin was used as a trading target in virtual asset exchanges, but it is gradually being used as a means of payment in global banking."
The report explained that as the demand for fast and accessible cross-border transactions increases, Stablecoin has become notable.
Standard Chartered stated, "Stablecoin provides a solution that can transfer assets digitally at a speed similar to email by utilizing the accessibility of existing communication and banking systems in the emerging market where accessibility is declining."
Countries such as Brazil, Turkey, Nigeria, India, and Indonesia are examples of traders utilizing Stablecoin for products, service payments, and cross-border settlements.
Standard Chartered emphasized, "Such usage cases are expected to continue to grow. Especially if the U.S. Stablecoin regulation is passed, growth will accelerate."
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
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