Understanding Beanstalk amidst the Stablecoin Landscape
thecoinbuzz.substack.com
Cryptocurrency is known for its outrageous volatility. The huge fluctuations in valuations often make it a topsy-turvy investment. Still, investor attention in this new asset class is growing rapidly and when we talk about popularity or adoption, we can’t ignore stablecoins. The market capitalization of stablecoins grew four times in 2021 and they represent more than 10% of the crypto market now. Finance and technology have been co-developmental over the past decades. With the advancement of DeFi and Web 3 infrastructure, the demand for stablecoins is bound to grow exponentially in the coming time also. The strength of stablecoins is their attractiveness as a medium of payment. Low cost of transactions, speed of remittance and global reach are drawing more and more users to stablecoins. The DAPP ecosystem and blockchain networks are also providing a social experience to the users. The payments are no longer an act of transferring value. Stablecoins are connecting our digital lives and transforming finance today.
Understanding Beanstalk amidst the Stablecoin Landscape
Understanding Beanstalk amidst the Stablecoin…
Understanding Beanstalk amidst the Stablecoin Landscape
Cryptocurrency is known for its outrageous volatility. The huge fluctuations in valuations often make it a topsy-turvy investment. Still, investor attention in this new asset class is growing rapidly and when we talk about popularity or adoption, we can’t ignore stablecoins. The market capitalization of stablecoins grew four times in 2021 and they represent more than 10% of the crypto market now. Finance and technology have been co-developmental over the past decades. With the advancement of DeFi and Web 3 infrastructure, the demand for stablecoins is bound to grow exponentially in the coming time also. The strength of stablecoins is their attractiveness as a medium of payment. Low cost of transactions, speed of remittance and global reach are drawing more and more users to stablecoins. The DAPP ecosystem and blockchain networks are also providing a social experience to the users. The payments are no longer an act of transferring value. Stablecoins are connecting our digital lives and transforming finance today.