Visa Study: Majority of Stablecoin Transaction Volumes Not from Genuine Users

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.