Stablecoins Surpass Traditional Card Networks in Adoption, Says Alchemy Executive

According to Odaily, Alchemy's engineering director Noam Hurwitz has highlighted the growing significance of stablecoins in internet payments. He noted that stablecoins have now surpassed major traditional card networks in adoption, experiencing explosive growth and becoming the default settlement layer for online transactions. Companies like PayPal and Stripe are integrating stablecoins to leverage blockchain infrastructure, enabling faster and cheaper transactions. The attributes of stablecoins, such as being inexpensive, fast, global, and secure for transfers, have made them popular for various applications, including cross-border payments and prediction markets like Polymarket.