Survey: About $2.62 Trillion Settled in Stablecoin in H1
Stablecoin is no longer just used for cryptocurrency trading, but its application scenarios are growing, according to a new survey of nearly 2,500 people in five emerging markets. According to the data, approximately $2.62 trillion was settled in stablecoin in the first half of 2024, amounting to $5.28 trillion on an annualized basis. 57 percent of users reported an increase in stablecoin usage over the past year, and 72 percent believe this trend will continue. The survey also found that the most popular non-transactional use cases for stablecoins include currency exchange, payment for goods, remittances, and paying or receiving a paycheck.
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
The probability of a Federal Reserve rate cut in December is fifty-fifty, with inflation remaining the main risk.
Data: A certain whale bought 134,680 SOL today and is currently at an unrealized loss of $8 million.
The US SEC's 2026 examination priorities do not explicitly mention cryptocurrencies.
Japanese and South Korean stock markets close sharply lower