PANews reported on October 17 that according to Cointelegraph, Chainalysis stated in its latest report on the trend of cryptocurrency adoption in North America that the adoption of stablecoins in the United States slowed down in 2024 compared with the global market. This year, there has been a major shift in stablecoin activities in the US market, with the share of stablecoin transactions on US-regulated exchanges falling from about 50% in 2023 to less than 40% in 2024. In contrast, the share of stablecoin transactions on non-US regulated platforms has increased significantly since 2023 and will exceed 60% by 2024.

Chainalysis stressed that this shift does not necessarily indicate a sharp decline in U.S. stablecoin activity, but rather reflects the rapidly expanding role of stablecoins in emerging markets and non-U.S. jurisdictions. Chainalysis said that as more countries develop regulatory frameworks to encourage the adoption of stablecoins, U.S. policymakers are facing increasing pressure to take action.