Alchemy: Stablecoins are becoming the internet's "default settlement layer".

Odaily News Alchemy engineering director Noam Hurwitz stated that stablecoins have become the backbone of internet payments, with their adoption now surpassing major traditional card networks. The adoption rate of stablecoins is experiencing an "explosive" rise and is becoming the default settlement layer of the internet. Companies like PayPal and Stripe are integrating stablecoins to leverage on-chain infrastructure for faster and cheaper transactions. Stablecoins make currency "cheap, fast, global, and securely transferable," characteristics that have made them widely popular for various uses and broadly adopted in cross-border payments and prediction markets like Polymarket. (Cointelegraph)