Viewpoint: Stablecoins are becoming the default settlement layer of the internet

according to Cointelegraph, Alchemy's engineering director Noam Hurwitz stated that stablecoins have become a pillar of internet payments, with their adoption now surpassing that of major traditional card networks. The adoption rate of stablecoins is experiencing "explosive" growth and is becoming the default settlement layer of the internet.

Companies like PayPal and Stripe are integrating stablecoins to leverage on-chain infrastructure for faster and cheaper transactions. Stablecoins make money "cheap, fast, global, and securely transferable," characteristics that have made them widely popular for various uses and have led to their extensive adoption in cross-border payments and prediction markets like Polymarket.