Circle CEO Jeremy Allaire stated that businesses and individuals in emerging markets are turning to stablecoins for digital-dollar payments and financial services as blockchain moves into a mainstream scaling phase

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Using crypto and stablecoins to pay for things, from payment cards and merchant checkout to payroll, remittances and cross-border settlement.