a16z Crypto: Stablecoins Offer the Opportunity for 1 Billion People to Engage in Cryptocurrency

a16z Crypto published an article titled "Stablecoins: A 1+ billion-user onboarding opportunity," which points out that over the past 12 months, stablecoin trading volume has reached $33 trillion, continuously hitting historical highs, nearly 20 times PayPal's transaction volume and almost 3 times Visa's transaction volume. Stablecoins have already integrated into these massive global payment networks that have existed for decades.
The rapid growth of stablecoins has resulted in $128 billion in U.S. Treasury bonds being held by stablecoins. This places them among the top 20 holders of U.S. Treasury bonds, surpassing countries like Saudi Arabia, South Korea, the UAE, and Germany. Citibank recently predicted that by 2030, stablecoin holdings in U.S. Treasury bonds will reach $3.7 trillion, making them the largest holder on this list. For a long time, stablecoins have been criticized for being used solely for settling speculative cryptocurrency transactions, but the data suggests otherwise.