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Richard Teng, CEO at Binance, reports that TradFi-linked perpetuals now make up around 10% of all stablecoin trading volume.
Teng adds that stablecoins are increasingly used to settle stock-related trades around the clock, allowing investors to avoid traditional banking delays and save an average of 3.6% (about $40) per transaction in withdrawal.
Teng has previously reported that growth in bitcoin holders is concentrated in emerging markets such as APAC, MENA, and Latin America, according to recent data. He also stated that Binance is focusing on adhering to MiCA regulations and securing a licence in the European market, as outlined in a separate announcement.