Mineplex Banking News (EN)

Where are stablecoins popular? Stablecoins provide efficiency, security and transparency. They are usually pegged to USD in a ratio of 1:1. In which countries are they popular? How are they used? Stablecoins are an important solution for residents of countries facing currency volatility, allowing them to store savings and use them for trading. Many are also intrigued by the potential of stablecoins to expand access to financial services for the part of the population that does not have banking services. In recent months, the volume of stablecoin transactions has amounted to more than half of the total volume of cryptocurrency transactions. Where are they used? Stablecoins are becoming a real global asset. Turkey, Thailand and Brazil are the leaders in buying stablecoins. The international interest reflects the widespread and growing dependence on USDT in various regions of the world. It is noteworthy that countries that have faced volatility and devaluation of local currencies, such as Turkey and Georgia, are widely represented in the field of USDT purchases. Residents of these countries choose stablecoins to save their savings when the local currency loses value. Stablecoins provide access to basic financial services and allow people to participate in economic life, especially residents of regions with economic instability and devaluation of the local currency.

Where are stablecoins popular? Stablecoins provide efficiency, security and transparency. They are usually pegged to USD in a ratio of 1:1. In which countries are they popular? How are they used? Stablecoins are an important solution for residents of countries facing currency volatility, allowing them to store savings and use them for trading. Many are also intrigued by the potential of stablecoins to expand access to financial services for the part of the population that does not have banking services. In recent months, the volume of stablecoin transactions has amounted to more than half of the total volume of cryptocurrency transactions. Where are they used? Stablecoins are becoming a real global asset. Turkey, Thailand and Brazil are the leaders in buying stablecoins. The international interest reflects the widespread and growing dependence on USDT in various regions of the world. It is noteworthy that countries that have faced volatility and devaluation of local currencies, such as Turkey and Georgia, are widely represented in the field of USDT purchases. Residents of these countries choose stablecoins to save their savings when the local currency loses value. Stablecoins provide access to basic financial services and allow people to participate in economic life, especially residents of regions with economic instability and devaluation of the local currency.

How do people pay around the world? The volume of cash transactions around the world has continued to decline over the years. So how do people pay? Mobile wallets It is predicted that digital payment systems including Apple Pay, PayPal or Alipay will become the fastest growing payment method worldwide. In 2023, mobile wallets accounted for approximately half of global e-commerce payment transactions, making the digital wallet the most popular online payment method worldwide. In the next three years, the growth rate will be 14.9%. Mobile wallets have become the most popular payment method in developing countries. Credit cards Credit cards took the second place among popular payment solutions: 22% in 2023. According to forecasts, their popularity will decrease in the coming years. Cryptocurrency The cryptocurrency payments market accounts for a small percentage. However, this situation will change. In 2023, the most dynamic crypto market was in Central and South Asia and Oceania. The region dominates in terms of purchasing power and population. And what payment method do you use?