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More than $1.1 trillion in TradFi perpetual contracts has settled through stablecoins, according to a new Binance Research report.
The figure anchors the firm's broader finding that stablecoins are becoming the preferred settlement layer for tokenized traditional-finance markets.
Binance Research also cites payments and savings as sectors where stablecoin adoption is gaining ground. What the $1.1T represents Perpetual contracts need a margin and settlement currency.
When that currency is a stablecoin, net obligations between counterparties move on-chain rather than through a bank wire or custodian transfer.
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