Express
Alchemy: Stablecoins are becoming the 'default settlement layer' of the internet
Summary: In a recent statement, Alchemy's engineering director Noam Hurwitz stated that stablecoins have become the backbone of internet payments, surpassing major traditional card networks in adoption rates. The adoption of stablecoins is experiencing 'explosive' growth and is becoming the default settlement layer of the internet. Companies like PayPal and Stripe are integrating stablecoins to leverage ...
In a recent statement, Alchemy's engineering director Noam Hurwitz stated that stablecoins have become the backbone of internet payments, surpassing major traditional card networks in adoption rates. The adoption of stablecoins is experiencing 'explosive' growth and is becoming the default settlement layer of the internet. Companies like PayPal and Stripe are integrating stablecoins to leverage on-chain infrastructure for faster, cheaper transactions. Stablecoins make currency 'cheap, fast, global, and transfer-safe', making them widely popular for various purposes and widely used in cross-border payments and prediction markets like Polymarket.
Tags:
Link: Alchemy: Stablecoins are becoming the 'default settlement layer' of the internet [Copy]
