Stablecoins are now the “default settlement layer for the internet,” according to Alchemy’s Head of Engineering, Noam Hurwitz. Their onchain transaction volume has surpassed Visa and Mastercard by 7%, driven by integrations from major companies like PayPal and Stripe. Hurwitz highlights stablecoins’ benefits for cheap, fast, global, and secure transfers, noting their significant role in cross-border payments and as buyers of U.S. Treasuries.
