WeFi Growth Director: Stablecoins have become an important financial tool for countries with hyperinflation, and their market value may increase to $3 trillion within 5 years

ChainCatcher news, according to Financefeeds, Agne Linge, the growth director of the DeFi platform WeFi, emphasized the importance of stablecoins during the "Web3: The Future Economy" panel discussion at the World Economic Forum summit in Davos.

She pointed out that the current total market capitalization of stablecoins has reached $21.6 billion, making them an important financial tool in countries facing hyperinflation such as Argentina and Brazil. In emerging economies like Venezuela, the adoption rate of dollar-pegged stablecoins (especially USDT) has surged as citizens seek to protect their savings from the effects of hyperinflation.

Linge expects the stablecoin market to grow to $3 trillion within the next five years.