1/🧵Stablecoins are a class of cryptocurrencies with stable value, making them ideal for everyday payments and cross-border transfers. In 2023, they accounted for 60% of the $10 trillion worth of crypto transactions. #threadstorm #cent
1/🧵Stablecoins are a class of cryptocurrencies with stable value, making them ideal for everyday payments and cross-border transfers. In 2023, they accounted for 60% of the $10 trillion worth of crypto transactions. #threadstorm #cent
3/🧵The MiCA regulation, effective from June 30, 2024, aims to make stablecoins safer and more transparent. This could encourage traditional financial institutions to adopt stablecoins, providing better protection against fraud and building trust.
https://inleo.io/@blissfulsoul/stablecoins-cryptocurrency-regulation-7ac
2/🧵91% of stablecoin transactions are less than $10,000, showing their use for everyday expenses like shopping and paying bills. The new MiCA regulation ensures companies have proper security measures, enough reserves, and transparency.