According to a report from Standard Chartered Bank, stablecoins are shifting from their initial use in cryptocurrency exchanges to more widespread use in global finance. Research shows that stablecoins are increasingly being used for traditional financial purposes such as savings and trading in US dollars, as well as facilitating cross-border payments. The report also notes that the market capitalization of stablecoins is currently $163 billion, which is small compared to the overall financial market, but still has significant room for growth.