Report: About $2.62 trillion was settled through stablecoins in the first half of the year, with an annualized scale of $5.28 trillion

According to Foresight News, The Block reported that a survey of 2,500 cryptocurrency users in five emerging markets showed that approximately $2.62 trillion would be settled through stablecoins in the first half of 2024, with an annualized scale of $5.28 trillion. The survey was conducted by Castle Island Ventures, Brevan Howard, Artemis, and Visa Crypto. In addition to cryptocurrency trading, the most common uses of stablecoins include currency exchange, commodity payments, remittances, and salary payments. There are differences in usage in different regions, such as Turkish users mainly use it to earn income, while Nigerian users mainly use it for US dollar savings. Ethereum is the most commonly used stablecoin blockchain.