Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Visa Analysis Finds Less Than 10% of Stablecoin Transactions Are Organic

Visa Analysis Finds Less Than 10% of Stablecoin Transactions Are Organic

CointimeCointime2024/05/06 07:37
By:Cointime

According to a report by Bloomberg, an analysis co-developed by Visa has found that over 90% of stablecoin transaction volumes are not from genuine users. Out of $2.2 trillion in total transactions in April, only $149 billion came from "organic payments activity." The analysis removed transactions made by bots and large-scale traders to isolate those made by real people. Despite this, the analysis found a steady growth of monthly active stablecoin users, with 27.5 million monthly active users across all chains.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!