{"id":1595,"date":"2024-10-24T12:33:26","date_gmt":"2024-10-24T12:33:26","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1595"},"modified":"2024-10-24T12:33:26","modified_gmt":"2024-10-24T12:33:26","slug":"stablecoins-will-grow-because-they-can-reduce-international-wires-to-minutes-or-seconds-industry-experts-states","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1595","title":{"rendered":"Stablecoins Will Grow Because They Can Reduce International Wires To &#8216;Minutes Or Seconds,&#8217; Industry Experts States"},"content":{"rendered":"<div>\n<p>Stablecoins are <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/40946534\/stablecoins-like-tether-becoming-systemically-important-bernstein\">expanding beyond crypto trading<\/a> and will soon impact broader financial systems, according to <strong>Eric Chen<\/strong>, CEO of Injective Labs, <\/p>\n<p><strong>What Happened: <\/strong>In an interview with Benzinga, Chen emphasized stablecoins are set to transform industries by addressing inefficiencies in mainstream finance and enhancing transaction speed and accessibility across global markets.<\/p>\n<p>He believes stablecoins will soon become a cornerstone of major financial processes, particularly in areas such as cross-border payments and capital formation.<\/p>\n<p>\u201cWe\u2019re talking about reducing any sort of international wire or transfer down to the matter of minutes or seconds,\u201d Chen told Benzinga.<\/p>\n<p>While their initial focus has been on trading and speculation, stablecoins&#8217; true power lies in their ability to bridge gaps in the existing financial system, providing faster and more secure transactions compared to legacy systems like SWIFT, according to Chen.<\/p>\n<p>He &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41515640\/stablecoins-will-grow-because-they-can-reduce-international-wires-to-minutes-or-seconds-in\" alt=\"Stablecoins\" will grow because they can reduce international wires to or seconds industry experts states>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Stablecoins are expanding beyond crypto trading and will soon impact broader financial systems, according to Eric Chen, CEO of Injective Labs, What Happened: In an interview with Benzinga, Chen emphasized stablecoins are set to transform industries by addressing inefficiencies in mainstream finance and enhancing transaction speed and accessibility across global markets. He believes stablecoins will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1595","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1595"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1595\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}