Stablecoin

United

Coin

<ul class="news-points"> 
 <li>Chainalysis study suggested the U.S. is losing grip on $124.5 billion stablecoin market.</li> 
 <li>Stablecoin inflows to 50 crypto services moved from U.S. entities to non-U.S.licensed platforms.</li> 
 <li>North America leads in crypto despite declining licensed stablecoin transactions.</li> 
</ul> 
Prominent blockchain research firm Chainalysis has disclosed that the United States government is potentially losing its regulatory grip over the $124.5 billion stablecoin market. 
Chainalysis made the claim in a <a href="https://www.chainalysis.com/blog/north-america-cryptocurrency-adoption/" target="_blank" rel="nofollow">study</a> published on Monday, October 23. The report was part of the research firm’s latest findings on the Global Crypto Adoption Index, highlighting a significant shift in the landscape of stablecoin activity. 
According to the report, a growing portion of stablecoin activity now occurs through exchanges not licensed by the United States. Chainalysis found that stablecoin inflows to the 50 most prominent crypto services migrated from U.S.-licensed platforms to non-U.S.-approved businesses since the spring of 2023. 
Specifically, the report highlighted that as of June 2023, 54.6% of stablecoin transactions to the top trading platforms were directed to exchanges outside U.S. regulatory…
The post <a rel="nofollow" href="https://coinedition.com/us-is-losing-control-over-124-5b-stablecoin-market-research/">US Is Losing Control Over $124.5B Stablecoin Market: Research</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

US Is Losing Control Over $124.5B Stablecoin Market: Research

Coin Edition

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