Visa, Brevan Howard, and Castle Island Ventures conducted a Stablecoin survey across 5 emerging markets with 2,500+ participants
Here’s the showdown:
3 Quick Stablecoin Stats:
- $170B worth of stablecoins in circulation
- $3.7T settled using stablecoins in 2023 🏦
- Daily trading volume often surpasses $40B 📈
Despite the market downturn, stablecoin usage has surged 24% YTD. 🚀
Top Non-Trading Use Cases:
- Currency conversion
- Paying for goods and services
- Remittances
- Paying or receiving salaries
🌍 Surveyed Countries: Brazil, Nigeria, Turkey, India, Indonesia
Why this matters:
1. Stablecoins are moving beyond just trading and into everyday transactions 💳
2. They offer global financial access as an alternative to traditional USD banking 🌐
3. They provide economic stability, protecting against capital controls and government restrictions 🛡️
Are stablecoins the next big crypto app? 🔥 Let me know what you think in the comments! 👇
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