Exploring stablecoin growth on @hedera from April-September ↴
Stablecoin supply on Hedera surged to a peak of $224 million in July before settling to $162 million by late September, driven by strategic integrations and launches.
July also saw the addition of the Australian Digital Dollar (AUDD) to the Hedera network, which also marked the first commercial rollout of Hedera Stablecoin Studio. The integration lets anyone with a Hedera-compatible digital wallet hold, transfer and receive AUDD, which is backed 1:1 by the Australian dollar. AUDD charges fixed fees of less than $0.001 USD per transfer.
Then in September, the first stablecoin issued by a US state, the Wyoming Frontier Stable Token (FRNT), was deployed to Hedera. Following FRNT's August mainnet debut on several other chains, the Wyoming Stable Token Commission approved Hedera as the sole additional candidate due to its speed, reliability, compliance and utilization metrics.
Hedera also saw notable growth in payments, led by Isle Finance's new payments network. Incubated by BSOS, a Taiwan-backed fintech company, Isle streamlines accounting through a four-step onchain process. First, suppliers encrypt and submit invoices for early payment at a modest discount. Then, buyers approve the transaction with a single signature, after which stablecoins from a liquidity pool are disbursed instantly to suppliers’ wallets. Finally, the buyers repay on the original due date, earning token rewards for participation.
The payments network seeks to eliminate wire fees, cross-border delays and loan approvals, while offering liquidity providers annualized yields of 5% to 16%.
Hedera’s stablecoin and payments ecosystem is growing into a major contributor to scalable, compliant blockchain infrastructure, as one can see from the network’s stablecoin supply as well as payments integrations.
The native launch of AUDD via and Wyoming’s FRNT stablecoin also showcase the network’s ability to deliver instant, low-cost transactions while meeting regulatory and environmental standards.
These advancements enabled applications like cross-border micropayments and institutional vendor settlements to drive liquidity and utility that's needed for broader adoption.
Show original
1.19K
6
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.