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Stablecoin volume surpasses traditional card networks, says Alchemy executive, making it the new standard for Internet settlement.
Gate News bot message, PANews June 29 news, according to Cointelegraph, Alchemy engineering director Noam Hurwitz pointed out that stablecoins have become the core of internet payments, with transaction adoption rates surpassing traditional card networks.
Payment companies like PayPal and Stripe are integrating stablecoins into their systems to fully leverage on-chain infrastructure, achieving cost reduction and efficiency in transactions.
Noam Hurwitz added that stablecoins have the characteristics of "cheap, fast, global, and safe transfer" and have been widely used in cross-border payments and prediction markets like Polymarket.