Visa Analysis Finds Less Than 10% of Stablecoin Transactions Are Organic
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.
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.
You may also like
Stellar (XLM) Price Surge Linked to XRP: Potential Uptrend and Market Dynamics Explored
Shiba Inu (SHIB) Faces Critical Support and Resistance Levels Amid Trading Volume Surge
SHIB Shows Potential for Sideways Trading as Price Stabilizes Near Key Support Levels
XRP Price Surge Sparks Speculation on Potential Breakout Amid Rare Golden Cross Formation