a16z Crypto: Stablecoins provide an opportunity for 1 billion people to participate in cryptocurrency

ChainCatcher news, a16z Crypto published an article titled "Stablecoins: A 1+ billion-user onboarding opportunity," which points out that in the past 12 months, the trading volume of stablecoins has reached $33 trillion, continuously setting historical highs, nearly 20 times that of PayPal's trading volume and almost 3 times that of Visa's trading volume. Stablecoins have already integrated into these massive global payment networks that have existed for decades.

The booming development of stablecoins has resulted in $128 billion of U.S. Treasury bonds being held by stablecoins. This places them among the top 20 holders of U.S. Treasury bonds, even surpassing countries like Saudi Arabia, South Korea, the UAE, and Germany. Citibank recently predicted that by 2030, the holdings of stablecoins in U.S. Treasury bonds will reach $3.7 trillion, making them the largest holder on this list. Stablecoins have long been criticized for being used solely for settling speculative cryptocurrency trades, but data suggests otherwise.