BlackRock Visa and banks back US dollar stablecoins processing $33T
Big names like BlackRock, Visa, and major banks are jumping into the stablecoin scene: These digital coins tied to the US dollar processed a massive $33 trillion last year.
The appeal? Stablecoins make moving money faster and with minimal fees than old-school bank transfers.
Ripple's CEO even shared that JPMorgan Chase, Bank of America, and Citigroup don't want to be left behind.
Ripple stablecoin processes over $100B annually
Ripple's own stablecoin is already handling over $100 billion in payments each year.
Meanwhile, World Liberty Financial (started by Donald Trump Jr. and Eric Trump) launched its own coin to make investing in things like real estate easier for everyone, and as JP Richardson from Exodus put it:
The problem with banks is that they take too long . . . with stablecoins, it's instant.