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The US Dollar accounts for nearly 60% of all global foreign exchange reserves, is used in almost 90% of all forex trades, and dominates international trade invoicing. Even outside U.S. borders, the Dollar is indispensable.[[widget currency=(USD) crypto=(USDC)]]

Transak adds support for Ripple USD stablecoin

Satoshi’s vision for crypto (Bitcoin, per se) was to be used as a P2P value exchange medium. But crypto seems to have evolved into everything but that, so much so that when you find a way to ‘spend in crypto’, it feels like a eureka moment! [[widget crypto=(USDT)]]

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Today, stablecoins are the crucial link between the real world and the crypto-sphere. They help users park their funds in high volatility and are the most cost-efficient way to conduct cross-border transactions without intermediaries or delays securely.

Transak, a global fiat-to-crypto payments infrastructure provider, has partnered with Opera’s MiniPay, a leading dollar stablecoin wallet built on the Celo blockchain. This collaboration expands MiniPay's ability to offer seamless on- and off-ramping of stablecoins — Celo Dollar (cUSD), Tether USD (USDT), and USD Coin (USDC) — in over 50 countries, with a wider range of local payment methods.

At the time of writing, there are over 100 stablecoins. In the top 10 cryptocurrencies by market cap alone, two positions are occupied by stablecoins, and five positions in the top 50.