Hashed CEO Predicts Stablecoin Payment Volume to Surpass Visa's This Quarter

IconCryptoNewsTerminal Staff30 May, 2024

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Hashed CEO Predicts Stablecoin Payment Volume to Surpass Visa's This Quarter

Simon Kim, CEO of domestic blockchain investment firm Hashed, boldly predicts that the payment volume of stablecoins is poised to eclipse that of Visa's in the current quarter. Kim shared his insights through an interview with X, a local media outlet. This development marks a significant milestone in the evolution of the cryptocurrency ecosystem, as stablecoins gain wider acceptance for everyday transactions. The surge in stablecoin adoption can be attributed to their price stability, which is pegged to fiat currencies like the US dollar, making them a more viable alternative to volatile cryptocurrencies. As a result, businesses and consumers are increasingly turning to stablecoins to facilitate seamless and cost-effective cross-border payments and remittances. This shift underscores the growing maturity and mainstream adoption of digital assets.

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