ARE STABLECOINS A NEW FINANCIAL SYSTEM OR WILL THEY BE REPLACED?

Summary from the TLDR Crypto newsletter

Stablecoins account for two-thirds of all onchain transactions and are increasingly growing with institutional and retail interest alike. Initially popularized by Tether for arbitrage, they've grown into a fast, low-cost alternative for transfers, payments, and yield generation, outpacing traditional wires and processors like Western Union. In regions plagued by capital controls and inefficient banking, stablecoins offer financial freedom and the potential to transform global money movement.