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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.

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