Future

Allium

Coin

<ul class="news-points">
 <li>Over 90% of stablecoin activity comes from bots and traders, not everyday payments.</li>
 <li>Lack of user-friendliness is a major barrier to wider adoption of stablecoins.</li>
 <li>Tracking real crypto activity with blockchain data is difficult, leading to inflated figures.</li>
</ul>
A new study by Visa and Allium Labs <a href="https://www.bloomberg.com/news/articles/2024-05-05/more-than-90-of-stablecoin-transactions-aren-t-real-study-finds?utm_campaign=socialflow-organic&amp;utm_source=twitter&amp;utm_content=crypto&amp;utm_medium=social" target="_blank" rel="noopener noreferrer nofollow">shares</a> the idea of stablecoins becoming widely used for everyday transactions. The study reveals that a staggering majority (over 90%) of stablecoin activity stems from bots and large-scale traders, not real people.
To measure genuine use, <a href="https://coinedition.com/bitcoin-hits-1-billion-transaction-milestone-10-years-faster-than-visa/" rel="noopener noreferrer nofollow">Visa </a>developed a metric that excludes bot activity. This metric showed that only a tiny fraction, roughly $149 billion out of $2.2 trillion in total transactions in April, originated from real users. This finding contradicts the optimistic view of stablecoin proponents who believe these tokens will revolutionize payments.
Proponents highlight the benefits of stablecoins, such as instant settlement and minimal fees. However, experts suggest user-friendliness is a major hurdle. Additionally, tracking real crypto activity using blockchain data is inherently difficult, leading to inflated figures.
Financial technology giants like PayP…
The post <a href="https://coinedition.com/are-stablecoins-the-future-of-payments-new-study-raises-doubts/" rel="noopener noreferrer nofollow">Are Stablecoins the Future of Payments? New Study Raises Doubts</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Are Stablecoins the Future of Payments? New Study Raises Doubts

Coin Edition

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