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Stablecoins’ ‘Giant Leap’ Into Mainstream Finance, PayPal PYUSD & USD1 In Focus
Stablecoins’ ‘Giant Leap’ Into Mainstream Finance, PayPal PYUSD & USD1 In Focus
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Stablecoins are gaining traction in mainstream finance, with PayPal USD and USD1 at the forefront of this shift. PayPal USD recently reclaimed a $1 billion market cap, signaling robust demand. The broader stablecoin market, now valued at over $250 billion, is projected to reach $2 trillion by 2028, according to Standard Chartered.
U.S. policymakers are increasingly vocal about the sector''s potential. Treasury Secretary Scott Bessent testified that stablecoins could strengthen the dollar''s global dominance, while Vice President J.D. Vance framed digital assets as a multiplier of U.S. economic power. This institutional endorsement underscores the growing convergence between crypto and traditional finance.
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