As highlighted in the PwC Global Central Bank Digital Currency (CBDC) Index and Stablecoin Overview for 2023, stablecoins, a critical component of the digital asset space, reached a market valuation of $180 billion in 2022. Their cumulative trading volume since the beginning of 2023 has exceeded $7 trillion, accounting for about 10% of the entire digital asset market. By merging the benefits of fiat with the programmability of blockchain, stablecoins provide key solutions for the global digital economy.
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