AI-based small businesses to drive stablecoin volume, says report

AI-based small businesses could drive future growth in stablecoin transaction volume, according to a second-quarter industry report from Australian cryptocurrency exchange Swyftx, as reported by Cointelegraph. The report projects that the global gig and freelance payment market will expand to $2.1 trillion by 2033, with AI-based workers accounting for $775 billion of that total. Swyftx's base assumption is that stablecoins will be used for approximately 33% of these payments, which would amount to around $262 billion in annual settlements. The report added that micro-enterprises with fewer than five employees are among the fastest adopters of AI. It also highlighted a growing trend of sole proprietors and one-person startups, many of whom are sensitive to overseas remittance fees and transaction costs, making stablecoin payments an attractive option.