BIS report: Cryptocurrency speculation dominates 600 billion dollar cross-border transfer
2025-05-12 11:56:32
Speculative activity remains closely tied to global funding rates, highlighting the growing "interconnectedness" of cryptocurrencies with traditional finance, according to the BIS report. Research published by the BIS on May 8 found that cross-border transfers using the two largest cryptocurrencies, Bitcoin and Ethereum, and the two largest stablecoins, USDT and USDC, totaled about $600 billion in the second quarter of 2024, the last observation period covered by the analysis.
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