> $136b worth of stablecoins have been issued to date but the opportunity seems much more immense still. Only about seven million people have transacted with stablecoins to date, while more than half a billion live in countries with 30%+ inflation. U.S. banks hold $17b in customer deposits which are all up for grabs as well. And yet the major stablecoin issuers can be counted on one hand and the major liquidity providers with just a few fingers.
This is not entirely true. There has been a stable coin for over 50 years now, and most billionaires should be familiar with it because it's used to pay for satphone calls.
SDR (Special Drawing Rights) is IMF's stable coin. US$935.7 billion SDR are currently allocated. It has been called paper gold and an international reserve currency.