Tianfeng International: Stablecoins transform traditional fintech paradigm, with an expected scale of 2 trillion to 3.7 trillion US dollars in the next few years

Currently, stablecoins are hot. Kong Rong, an analyst at Tianfeng International and deputy head of Tianfeng Research's TMT industry research group, as well as the head of international research, told reporters that the market expects the trading scale of stablecoins to reach 2 trillion or even 3.7 trillion US dollars in the next few years. After the first stablecoin, Circle, went public, its market value surged fivefold, exceeding 50 billion US dollars in the early stage. With the improvement of domain channels, market stability, and the expansion of payment scenarios, there will be incremental growth, including IWA's digital asset on chain and physical asset on chain, which has the opportunity to create new paradigms and reshape the business growth logic of financial institutions. Referring to the valuation of global fintech companies at 30 times or higher, we can combine the overall global technological level, industry development, and the growth factors brought by continuous breakthroughs in AI technology to look forward to the positive transformation of the entire financial system. (Caixin News Agency)