Stablecoins poised to revolutionize global payments, emphasizing the need for enhanced integration
SINGAPORE, January 3, 2024 -- OKX Ventures, the investment arm of leading Web3 technology company OKX, today released a detailed report on the current state and future prospects of the stablecoin market. The report provides an in-depth analysis of the stablecoin sector's growth patterns, innovations, and future directions.Key highlights from the report include:
Market dominance: As of December 2023, USDT holds a staggering 70% share of the total stablecoin market capitalization, while USDC secures around 20%. This dominance reflects their robustness and investors' trust in these stablecoins amid the market's volatility.
Resilience and profitability: Despite the cryptocurrency market's downturn, USDT and USDC have shown exceptional resilience. Tether, for example, reported $1.48 billion in net profit in Q1 2023 and quarterly returns from Cash and Cash Equivalent investments close to US $1 billion in Q3 2023, highlighting the market's profitability.
Innovative growth: The report highlights the continuous innovation and expansion in the stablecoin sector, especially in the realms of USDT and USDC. These stablecoins have been instrumental in bridging the gap between traditional finance and blockchain technology.
The report also discusses the importance of stablecoins in the broader financial ecosystem, particularly in terms of cross-border payments and settlements. It emphasizes the need for the industry to focus on enhancing transparency, security, and integration with existing financial infrastructures.
OKX Ventures Partner Jeff Ren said: "As the cryptocurrency landscape continues to evolve, stablecoins prove to be not just fundamental to the functionality of digital economies but are also pivotal in harmonizing the realms of traditional finance and blockchain technology. Their robust growth and adaptation in the face of market challenges underscore their critical role in shaping a more interconnected and efficient global financial ecosystem."
The full report is available here.
© 2025 OKX. Niniejszy artykuł może być powielany lub rozpowszechniany w całości, lub jego fragmenty zawierające 100 słów, lub mniej, pod warunkiem że takie wykorzystanie jest niekomercyjne. Każda reprodukcja lub dystrybucja całego artykułu musi również zawierać wyraźne stwierdzenie: „Ten artykuł jest © 2025 OKX i jest używany za zgodą”. Dozwolone fragmenty muszą odnosić się do nazwy artykułu i zawierać przypis, na przykład „Nazwa artykułu, [nazwisko autora, jeśli dotyczy], © 2025 OKX”. Żadne prace pochodne ani inne sposoby wykorzystania tego artykułu nie są dozwolone.
