Stablecoin Market Capitalization Reaches $314 Billion as Payment Use Expands
The source says the market has grown 50% year over year, while Visa and Mastercard support USDC settlement and banks including JPMorgan and Citi explore tokenized deposits.
USDC
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Terms & Concepts
Stablecoin: A cryptocurrency designed to maintain a stable value, typically by being linked to a fiat currency such as the U.S. dollar.
USDC: A dollar-pegged stablecoin issued for blockchain-based payments, trading, and transfers.
Tokenized deposits: Bank deposits represented on blockchain-based systems, aiming to combine traditional bank money with faster digital settlement.