Stablecoins are increasingly used on public blockchains and have become the primary means of transaction settlement. Despite the relatively stable usage of major cryptocurrencies, the value of transactions in stable coins accounts for the majority of settlements on the blockchain.
What does it mean?
Can you make an example of a cryptocurrency being used as a transaction settlement?
I don't know if this has been answered, if it has, then please just ignore, but if you haven't, then I did say that this is very simple, using cryptocurrency as transaction settlement simply means using crypto to pay for goods and services.
I believe this is not something that is too complex to understand, but I still did give an example of how I bought a motor bike in 2021, it cost about $650 at the time, and it happened that I paid for the motor bike in full using bitcoin, and this was to someone who have never bought, owned or used bitcoin before, I did convince him myself.
So, using crypto currency for transaction settlement is simply using crypto currencies, like the stablecoins, to pay for goods and services in place of the dollars or any other fiat currencies.