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https://fortune.com/crypto/2024/08/29/bridge-stablecoins-sequoia-ribbit-index-haun-58-million/
The crypto industry has long sought a ‘killer app' to bring digital assets into the mainstream. Recently, though, some point to the growing popularity of stablecoins like Tether and USDC to say that long-sought use case is here already. Designed to trade on a 1:1 basis with major currencies like the dollar, stablecoins have found growing adoption in fields like cross-border remittances and DeFi payments—and some say this just the beginning.
