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International Business Times
International Business Times
Business
Marvie Basilan

Stablecoins At 10: CEBR, BVNK Report Finds Coins Can Unlock $11B Of Business Capital

CEBR BVNK Stablecoins United States Crypto
A new report found that stablecoins can unlock capital trapped in today's delay-battered cross-border payment systems. (Credit: CEBR - BVNK)

KEY POINTS

  • Stablecoins can release $11.6 billion of working capital trapped in slow cross-border payment systems: CEBR and BVNK report
  • Cross-border stablecoin payments are expected to hit $2.8 trillion this year alone
  • Stablecoin payment volumes could reach $15 trillion by 2030, said BVNK co-founder Chris Harmse

Ten years since the first stablecoin went live in July 2014, stablecoins have burgeoned into a key class of cryptocurrencies that provide investors with price stability, largely through the backing of the US dollar and other specific assets. Most crypto tokens have been weathering the storms of volatility, but stablecoins have become the epitome of endurance.

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