The post Goldman Sachs Forecasts Stablecoins to Hit Trillions appeared first on Coinpedia Fintech News
Goldman Sachs predicts the crypto stablecoin market could grow to be worth trillions of dollars in the near future. Stablecoins, digital currencies pegged to stable assets like the US dollar, are gaining popularity for their use in trading and payments. This growth reflects increasing trust and adoption in the crypto world. As stablecoins become a bigger part of the financial system, they could reshape how people and businesses handle money globally.



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more