📰 Table Of Contents
Stablecoin Study by Visa and Allium Labs
A recent study conducted by Visa and Allium Labs has shed light on the usage patterns of stablecoins in the payments industry.
Key Findings:
- Over 90% of stablecoin volumes do not originate from genuine users.
- Out of $2.2 trillion in total transactions, only $149 billion can be attributed to organic payments activity by real individuals.
Challenges in Stablecoin Transactions
Accurately tracking the value of crypto activity using blockchain data remains a challenge in the industry.
Double-Counting Issue:
Stablecoin transactions often face the issue of double-counting, impacting the reported volume on-chain.
Future of Stablecoins in Payments
Analysts predict a significant growth in the circulation of stablecoins, potentially transforming the payments landscape.
Market Predictions:
- Total value of stablecoins in circulation could reach $2.8 trillion by 2028.
- Advocates highlight near-instantaneous transactions and low costs as key advantages of stablecoins.
Industry Response
Companies like PayPal and Stripe are exploring the use of stablecoins in their payment infrastructure.
Adoption Challenges:
Despite the potential benefits, user-friendly interfaces and adoption barriers remain significant challenges for stablecoin-based solutions.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
