In the first half of 2024, $2.6 trillion was transferred using stablecoins.
According to Visa and Castle Island Ventures, the settlement volume is expected to hit $5.28 trillion by the year's end.
Stablecoins are mainly used for cross-border payments, remittances, payroll, and trading activities.
69% of respondents consider stablecoins a strong alternative to fiat currency, and 39% regularly use them for purchases.
