**Bitcoin Activity Soars in US, Stablecoin Adoption Shifts Globally**

The US has seen record Bitcoin activity following the launch of spot BTC ETFs, according to an Oct. 17 report from Chainalysis. However, stablecoin adoption in the US has slowed in 2024 compared to global markets.

Key Points:

- US-regulated exchanges saw stablecoin transaction shares drop from 50% in 2023 to under 40% in 2024.

- Non-US platforms experienced a surge, with stablecoin transactions surpassing 60%.

- The shift reflects growing global demand for US dollar-backed assets, especially in emerging markets.

- Regulatory uncertainty in the US is pushing stablecoin projects to more favorable jurisdictions like Europe and the UAE.

Chainalysis highlights the need for clear US regulations to maintain leadership in stablecoin adoption.