BlockBeats News, June 29th, Alchemy's Engineering Lead Noam Hurwitz stated that stablecoins have become the backbone of internet payments, with their adoption now surpassing major traditional card networks. The adoption of stablecoins is growing at an "explosive" rate and is becoming the default settlement layer of the internet.
Companies like PayPal and Stripe are integrating stablecoins to leverage on-chain infrastructure for faster, cheaper transactions. Stablecoins make currency "cheap, fast, global, and transfer-safe," and these characteristics have made them widely popular for various use cases, prominently in cross-border payments and prediction markets like Polymarket. (Cointelegraph)
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