The latest survey conducted by Visa and Castle Island Ventures shows a surge in the use of stablecoins in the first half of 2024, with settlements expected to reach $5.28 trillion by the end of the year. The survey highlights the increasing use of stablecoins for real-world uses such as cross-border transfers, remittances, payroll, and trade settlement.
For non-crypto stablecoin activities, 69% used stablecoins for currency substitution, 39% for payments for goods and services, and another 39% for cross-border transfers.
From the cryptocurrency space to global phenomena, stablecoins are reshaping the way we pay, save, and transact.
Insight: Stablecoin usage surged in the first half of 2024, reaching a value of around $2.60 trillion.
2024-09-13 03:04:53
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