Stablecoin Wallets Closing In On 100M: Crypto Adoption Is Happening

in LeoFinance10 days ago

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The linked article discussed how crypto is seeing the number of wallets with stablecoins nearing 100M (around 94M now). This is big news.

In this video I discuss how important this is for economic growth. By having the number of stablecoins expanding means we are seeing the potential to grow the cryptocurrency economy.

https://www.coinspeaker.com/stablecoin-adoption-surge-holders-100m/


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It can only get better with technology, we open ourselves to a myriad of opportunities. The adoption of stable coin will continue to gain acceptance, and this is is a major breakthrough in the crypto space.

I would like to think that digital applications played a huge part for this. A lot of people purchase online, view their accounts on their phones, and pay with their cards or phones. Physical cash isn't as important as before. This made the introduction of stablecoins easier. Since they are pegged to a dollar, there isn't much difference from what they're used to. Add to that the different advantages it offers like protection from inflation, less fees compared to credit cards, and more control over the money.

March alone saw over 26 million active addresses, a record amount that signaled significant retail investor participation.

Despite such growth, in my circle I still don't see anyone into crypto.