a16z Crypto: Stablecoins offer an opportunity to get 1 billion people involved in cryptocurrencies

Odaily News a16z Crypto published an article titled "Stablecoins: A 1+ billion-user onboarding opportunity", which pointed out that in the past 12 months, the transaction volume of stablecoins has reached 33 trillion US dollars, continuously setting new historical highs, close to 20 times the transaction volume of PayPal and close to 3 times the transaction volume of Visa. Stablecoins have been integrated into these huge global payment networks that have existed for decades.
The boom in stablecoins has resulted in $128 billion of U.S. Treasuries being held in stablecoins. This puts them among the top 20 holders of U.S. Treasuries, even surpassing countries like Saudi Arabia, South Korea, the UAE, and Germany. Citibank recently predicted that stablecoin holdings in U.S. Treasuries will reach $3.7 trillion by 2030, making it the largest holder on this list. Stablecoins have long been criticized for being used only to settle speculative cryptocurrency transactions, but data suggests otherwise.