The next era of stablecoin usage is being driven by fintechs and neobanks, providing financial access and stability in volatile markets, with stablecoins accounting for 30% of remittances in Latin America and used as a hedge against inflation in Turkey. Fintechs offer US-dollar access and banking services to underserved populations.

With a $265 billion stablecoin market cap, fintechs are integrating blockchain products to allow users to earn rewards on their stablecoin holdings, providing a way to combat inflation and limited access to traditional savings vehicles, offering yields far above local bank rates in emerging economies like Nigeria. This allows users to preserve value and earn passive income.

The ultimate goal for stablecoins is to become a primary medium of exchange, allowing users to transact without needing to off-ramp them into the fiat economy. Stablecoin-backed cards are enabling instant, low-cost cross-border payments, bypassing expensive remittance fees, slow bank transfers, and limited banking access, improving financial inclusion and driving digital adoption and engagement.

Fintechs and neobanks are showcasing the value of programmable money beyond speculation, with stablecoin transfer volume in 2024 surpassing Visa and Mastercard combined. Stablecoins are becoming a fundamental component of a new, efficient, and inclusive financial system, offering net-new assets and capabilities and expanding global operations.

Read more at Cointelegraph: Fintechs And Neobanks Drive The Next Era Of Stablecoin Adoption