Stablecoins are growing in popularity, especially in regions where traditional finance falls short. Foresight Ventures, a Singapore-based firm with $400M in assets, sees strong crypto adoption in underbanked areas like Latin America, Africa, and Southeast Asia. Sub-Saharan Africa saw a 52% increase in on-chain crypto value received, totaling over $205B.

In Latin America, stablecoins are driving economic resilience and crypto adoption. The global stablecoin market has exceeded $315B, with Tether (USDT) leading at $181.4B. James Heckman estimates the total market opportunity for stablecoins at $10 trillion in the next few years, as infrastructure improves for faster, cheaper transactions.

Alice Li of Foresight Ventures believes stablecoins will become a default payment option globally, not just a crypto trend. She notes that stablecoins serve a crucial role in regions where national currencies are unstable. The first wave of adoption is driven by necessity, but a second wave led by institutions and developed markets is expected as regulation catches up.

Foresight Ventures has launched a $50 million Stablecoin Infrastructure Fund, the first of its kind. Emphasizing the importance of building payment networks and compliance frameworks, Li envisions a future where stablecoins empower banks and individuals with faster, cheaper, and more transparent global money movement.

Read more at Yahoo Finance: Foresight Ventures’ Alice Li on stablecoins seeing strongest growth in underbanked regions