罗兰贝格2025稳定币未来货币形态研究报告英文版15页

REPORTStablecoins: The future of money?Contents Executive summaryThe digital assets rewiring the global financial systemA brief history of stablecoinsImpact of stablecoins on the global financial systemThe business of stablecoinsChallenges and outlookKey considerations for banks, payment providers and regulators3447101213Page2 Roland Berger | Stablecoins: The future of money?Executive summaryStablecoins are cryptocurrencies pegged 1:1 with a national currency such as the US dollar. Stablecoins were invented to enable traders to buy and sell cryptocurrencies on centralized exchanges. However, advances in blockchain technology, combined with adverse macroeconomic factors such as hyperinflation in some countries, have resulted in stablecoins evolving into a convenient medium for payments, remittances and even savings. Having amassed more than USD 215 billion in total market capitalization, stablecoins today represent an increasingly viable alternative to traditional banking and paym