Golden Finance reports that according to a report from Standard Chartered Bank, stablecoins are moving from their initial use in cryptocurrency exchanges to wider applications in global finance, with research showing that stablecoins are increasingly used in similar ways to traditional finance. uses such as U.S. dollar savings and transactions and facilitating cross-border payments. The report also noted that the market value of stablecoins is currently $163 billion, which is small compared to the overall financial market but still has huge room for growth.