A recent report indicates that stablecoins processed approximately $35 trillion in transactions last year. However, only a small fraction, around 1%, of this volume was attributed to real-world payments such as remittances and payroll. The report highlights the discrepancy between the total value settled by stablecoins and their actual use in everyday transactions. The development sheds light on the current utilization of stablecoins and suggests that the majority of their transaction volume may be driven by other factors beyond practical, real-world applications.

A recent report indicates that stablecoins processed approximately $35 trillion in transactions last year. However, only a small fraction, around 1%, of this volume was attributed to real-world payments such as remittances and payroll. The report highlights the discrepancy between the total value settled by stablecoins and their actual use in everyday transactions. The development sheds light on the current utilization of stablecoins and suggests that the majority of their transaction volume may be driven by other factors beyond practical, real-world applications.