For the record

The first “killer app” for tokens is the dollar. Tokenized dollars, called stablecoins, allow users to move and store value in dollars, then put those dollars to work in a wide range of financial services, such as trading securities, depositing them with lending platforms to get a loan, or using them to invest in startups. Stablecoins now have a circulating supply of over $150 billion and process trillions of payments annually. Billions of people now have an easy way to hold dollars. This is a breakthrough.