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Stablecoin market to grow to almost $3T in next 5 years

August 9, 2023


The stablecoin market is expected to grow to $2.8 trillion of tokenized digital currency in the next five years from $125 billion today, broker Bernstein said in a research report Wednesday.

Integration with consumer platforms will lead to a “growth flywheel” for stablecoins – a type of cryptocurrency pegged to another asset, such as the U.S. dollar – allowing them to capture users and grow distribution beyond crypto native platforms, the report said.

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