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Crypto: Stablecoins to surpass all card networks globally by 2023

The crypto market is exploding, and the number of digital asset transactions is increasing at an exponential rate.

A recent report by Juniper Research indicates that. Stablecoins: A new beginning for the crypto economy is the title of the research firm’s most recent publication on cryptocurrency and blockchain. 

Crypto Update

The report was based on several assumptions, one of which was that each stablecoin will have at least one million users within five years. It also assumes that fifty percent of those users will spend their funds with e-commerce companies that accept stablecoins.

In 2023, it is highly probable that stablecoins will surpass all of the world’s major card networks as a result of their soaring popularity and increasing adoption across industries. Because stablecoins are a viable alternative to fiat currency, this is the case.

The currencies are supported by a reserve of another cryptocurrency or token, making them more trustworthy than the dollar or euro. Moreover, they can be used to facilitate international transactions without having to worry about exchange rates or other complications associated with conventional payment systems such as Visa and Mastercard.

Read more: Cryptocurrency scams: How to prevent being a victim of fraud schemes?

Best Cryptocurrency in 2023

The market for cryptocurrencies is exploding, and the number of digital asset transactions is increasing at an exponential rate.

Even after the current market conditions, an increasing number of new crypto projects have the potential to generate substantial profits in 2023. Now is a good time to begin diversifying your cryptocurrency holdings.

These projects must be considered for investment, as they are currently in the presale phase and are anticipated to provide 10x returns to early investors.

  • Dash 2 Trade‘s objective is to develop a Web3-based hub that is dependable and long-lasting. Dash 2 Trade was designed and developed by traders.
  • In less than two weeks, the Dash 2 Trade presale, which has raised over $10 million and is currently in its final phase, will conclude. The initial launch of CEX will occur on Wednesday, January 11, 2023.
  • FightOut is designed to help users improve their strength, cardio, and endurance fitness, as well as their combat technique, via a comprehensive training approach. The Web3 fitness platform provides actual gyms, metaverse fighting competitions, and a mobile application. FightOut, a move-to-earn cryptocurrency platform has raised over $2.8 million during the first week of its highly anticipated presale.
  • FightOut‘s initial presale phase has raised $2,600,000; FGHT is currently priced at 60.06 cents per dollar. The project is currently offering up to a 50% bonus in the form of additional FGHT tokens to investors. Depending on how much FGHT they purchase, investors can receive a 10–25% bonus. Investors who invest as little as $500 in the presale are eligible for additional FGHT. At the conclusion of the presale, FGHT tokens are used to distribute the bonus.

Read more: Crypto: Binance halts withdrawals of stablecoin USDC following FTX scandal

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