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Stablecoins Surge in Prominence and Utility Across FinTech Ecosystem

  • Stablecoins, digital currencies pegged to traditional fiat currencies, are gaining prominence in the FinTech ecosystem.
  • Stablecoins offer stability compared to the volatility of cryptocurrencies like bitcoin and ethereum.
  • FinTech companies such as Revolut and PayPal are creating their own stablecoins.
  • Stablecoins are streamlined for cross-border payments, reducing costs and settlement times.

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