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Insight: The usage of stablecoins surged in the first half of 2024, reaching a value of approximately 2.6 trillion US dollars

Insight: The usage of stablecoins surged in the first half of 2024, reaching a value of approximately 2.6 trillion US dollars

Bitget2024/09/13 03:10

The latest survey conducted by Visa and Castle Island Ventures shows that the use of stablecoins surged in the first half of 2024, with settlement volume expected to reach $5.28 trillion by the end of the year. The survey emphasizes that stablecoins are increasingly being used for real-world purposes such as cross-border payments, remittances, payroll, and trade settlements. For non-crypto stablecoin activities, 69% use stablecoins as a currency substitute, 39% for payment of goods and services, and another 39% use stablecoins for cross-border payments. From the realm of cryptocurrency to a global phenomenon, stablecoins are reshaping our ways of payment, savings and trading.

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