Visa Study Reveals Majority of Stablecoin Transactions (90%) Are Not Genuine: Impact on Crypto Coins Like Tether (USDT)

• A recent study by Visa and Allium Labs reveals that over 90% of stablecoin transaction volumes are not from genuine users, challenging the notion of stablecoins revolutionizing the payments industry.
• Out of approximately $2.2 trillion in total transactions in April, only $149 billion can be attributed to “organic payments activity” conducted by genuine users.
• Stablecoin transactions often face the issue of double-counting, depending on the platform to which users transfer funds.

A recent study by Visa and Allium Labs has found that over 90% of stablecoin transaction volumes are not from genuine users, challenging the potential of stablecoins in the payments industry.

Organic Payment Activity Accounts for a Portion of Stablecoin Volume

The data from April indicates that out of approximately $2.2 trillion in total transactions, only $149 bil... Read the full article for FREE at COINOTAG!