Stablecoin: The rising default settlement layer of the internet

Gate News bot message, according to the latest news, stablecoins are gradually becoming the core of internet payments. Alchemy engineering director Noam Hurwitz pointed out that the adoption rate of stablecoins has surpassed major traditional card networks, showing an "explosive" rise trend, and is expected to become the default settlement layer of the internet.

Payment giants like PayPal and Stripe have begun to integrate stablecoins to fully leverage on-chain infrastructure for faster and more cost-effective transactions. Stablecoins possess characteristics such as "low-cost, fast, global, and secure transfer," making them widely popular across various fields, especially in cross-border payments and in prediction markets like Polymarket.

Source: Cointelegraph