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Stablecoins Have Left the Crypto Niche. Now They Are Entering Everyday Finance.

  The momentum behind stablecoins has become impossible to ignore. Hardly a month passes without another major bank, payment provider, fintech, or technology company announcing a new initiative. What was once considered a niche crypto instrument has rapidly evolved into one of the most important developments in modern payments. Looking only at the past few months illustrates this acceleration. In April, the stablecoin market surpassed $312 billion in market capitalization while annual transaction volumes were estimated at more than $33 trillion . Additionally HSBC obtained a stablecoin issuer licence in Hong Kong, PayPal expanded the availability of its PYUSD stablecoin to millions of users across more than seventy markets, and several Swiss banks began testing a regulated Swiss franc stablecoin. May brought the first regulated Canadian dollar stablecoin, Coinbase listed its first British pound-backed stablecoin, and Nium partnered with Coinbase for USDC-powered cross-border p...