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Fireblocks Surpasses $3 Trillion in Transfers, with Stablecoins Accounting for Over 50%

  • Fireblocks, a blockchain platform, has processed over $3 trillion in client transfers, with stablecoins accounting for over 50% of the transactions.
  • Experts at the Blockchain Expert conference in Tel Aviv predict that all payments worldwide will be instantaneous in a few years.
  • Bitcoin has lost its edge in cross-border payments, while stablecoins like PayPal's PYUSD are gaining popularity due to their instant and cheaper transfer capabilities.
  • Banks are facing challenges in the digital era, in terms of outdated infrastructure, while central bank digital currencies (CBDCs) are seen as a revolutionary tool for greater monetary control.

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