This year, stablecoins have extended their influence beyond the crypto market. In recent years, the sector experienced significant growth, with the value of the global stablecoin market exceeding $100 billion.

This growth is primarily driven by the growing interest in crypto from traditional institutions: capital inflows into Bitcoin ETFs have set a benchmark, marking the pouring of funds from traditional finance into the crypto industry and bringing up crypto's legitimacy.

Another reason for stablecoins' rise is their application in decentralized finance (DeFi), liquidity management, and trading. Assets like Tether's USDT and Circle's USDC have become gateways for many novice crypto traders; the spreading adoption has resulted in nearly 100 million stablecoin holders. The average monthly supply of USDT alone has increased by over $20 billion since January, with monthly stablecoin transactions exceeding $1.3 trillion.

Stablecoins democratize access to financial services and commerce, offering a reliable means of exchange and store of value, especially in regions with unstable local currencies. Their adoption is growing rapidly in Europe, the US, the UAE, and Singapore, leading to greater financial inclusion and economic participation.

As stablecoins become part of financial systems, we'll explore the latest trends and challenges the sector is facing and assess their potential to benefit global finance.

Regulators have been doubling down on stablecoins, tripling their efforts after Terra's UST meltdown. Meanwhile, the number of issuers seeking regulatory compliance has been on the rise, too.

Circle, the second-largest stablecoin issuer, has secured an Electronic Money Institution (EMI) license in France to comply with........

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