Visa Reveals: Majority of Stablecoin Transactions are Inauthentic – Impact on Crypto Market and Coin Value (COIN: SYMBOL)

• The stablecoin sector is under scrutiny as a new study suggests that over 90% of transactions are not made by genuine users.
• Visa, in collaboration with Allium Labs, has developed a metric to filter out transactions initiated by bots and large-scale traders.
• Out of $2.2 trillion in total transactions in April, only $149 billion were from “organic payments activity,” according to Visa.

Recent study questions the widespread adoption of stablecoins, indicating that over 90% of transactions aren’t made by genuine users. Visa’s new metric reveals that less than 10% of stablecoin transactions are organic.

Only 10% of Stablecoin Transactions Organic

Visa, in collaboration with Allium Labs, has developed a dashboard to filter out transactions initiated by bots and large-scale traders, focusing only on those made by real people. Out of $2.2 trillion in total transactions in April, only $149 billion were from “organic payments activity,” according to Visa. This suggests that less than 10% of stablecoin transaction volumes actually originate from genuine users or are considered organic. The dashboard employs two important filters: single directional volume filter and inorganic user filter.

Stablecoin Market Still in Nascent Stage?

Pranav Sood, executive general manager for EMEA at Airwallex, suggests that the data indicate... Read the full article for FREE at COINOTAG!