Stablecoins are becoming ‘default settlement layer’ for internet: Alchemy

Stablecoins are now the “default settlement layer for the internet,” surpassing Visa and Mastercard in onchain transaction volume.

Stablecoins have become the backbone of internet payments, with adoption now outpacing major traditional card networks in onchain volume, according to Noam Hurwitz, head of engineering at Alchemy.

Hurwitz told Cointelegraph that stablecoins have seen “explosive” adoption, adding that they are “becoming the default settlement layer for the internet.”

Companies like PayPal and Stripe are integrating stablecoins to leverage onchain infrastructure, enabling faster and cheaper transactions. “They’ve already surpassed Visa and Mastercard in onchain volume by 7%,” Hurwitz noted, signaling a decisive shift in how money moves online.

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