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Beyond stablecoins: The evolution of digital money | Google Cloud

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Stablecoins experienced remarkable growth in 2024, tripling in transaction volume to $5 trillion in organic transactions and $30 trillion total (data: Visa, Artemis). For comparison, PayPal's annual transaction volume is about $1.6 trillion, and Visa's is about $13 trillion. USD-pegged stablecoin supply has grown to over 1% of the total USD money supply (M2) (data: rwa.xyz). This surge clearly demonstrates that stablecoins have found their place in the market. Demand for better services is driving a major shift in the nearly $3 trillion payments market. Unburdened by the complexities, inefficiencies, and expenses of traditional payment systems, stablecoins facilitate seamless money transfers between digital wallets. New solutions are also emerging in capital markets to facilitate the payment leg of digital asset transactions, increasing transparency and efficiency while reducing costs and settlement times. This article explores the evolving financial landscape and presents a solution f

Beyond stablecoins: The evolution of digital money | Google Cloud Beyond stablecoins: The evolution of digital money Connect with an expert Introduction Stablecoins experienced remarkable growth in 2024, tripling in transaction volume to $5 trillion in organic transactions and $30 trillion total (data: Visa , Artemis ). For comparison, PayPal's annual transaction volume is about $1.6 trillion, and Visa's is about $13 trillion. USD-pegged stablecoin supply has grown to over 1% of the total USD money supply (M2) (data: rwa.xyz ). This surge clearly demonstrates that stablecoins have found their

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