Stablecoin

Token

Notable

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/stablecoin-transfers-increase-significantly-over-four-years/" data-wpel-link="internal">Stablecoin Transfers Increase Significantly Over Four Years</a> 
Stablecoin transfers have increased more than 16-fold in the last four years, highlighting a promising indicator of the mass adoption of the cryptocurrency sector. According to blockchain <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data analysis</a> platform Token Terminal, the monthly stablecoin transfer volume rose from $100 billion in October 2020 to $1.68 trillion in April. 
<h2 class="p1" style="text-align: justify" id="what-is-happening-in-the-stablecoin-sector">What Is Happening in the Stablecoin Sector?</h2> 
Stablecoins represent the main bridge between the traditional financial system and the crypto asset space. Stablecoin movements are often used to measure the health of the <a href="https://en.coin-turk.com/okx-exchange-completes-record-22nd-okb-token-burn-worth-630-million/" data-wpel-link="internal">crypto market</a> and investor confidence. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-363283 size-full" src="https://coin-turk.com/wp-content/uploads/2024/06/token-terminal.png" alt="" width="2552" height="1462"> 
The increase in the market value of stablecoins is generally associated with increased investor confidence, signaling more capital inflows. According to DeFiLlama data, the cumulative market value of all stablecoins has increased by 15% from $130 billion on January 1 to over $162 billion today. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-363282 size-full" src="https://coin-turk.com/wp-content/uploads/2024/06/defillama-1.png" alt="" width="1547" height="542"> 
The growing use of stablecoins is also highlighted by the expanding active user base. According to Visa’s stablecoin control panel, there were over 31.1 million monthly active stablecoin users facilitating over 353 million transactions in the last 30 days. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-363281 size-full" src="https://coin-turk.com/wp-content/uploads/2024/06/visa.png" alt="" width="1081" height="729"> 
According to Kilian Peter Krings, CEO of Stabble, a Solana-based liquidity and trading platform, the increasing use of stablecoins is a promising sign of growing adoption and a maturing crypto industry. Krings commented: 
“Stablecoins are the best tools for safely storing value and provide stability to both individuals and crypto companies when it comes to portfolio management. This means that stablecoins help reduce risk, enabling broader crypto adoption as users fear less volatility.” 
<h2 class="p1" style="text-align: justify" id="notable-comment-from-a-famous-figure">Notable Comment from a Famous Figure</h2> 
According to Token Terminal data, the cumulative stablecoin transfer volume first exceeded $1 trillion in March 2024, reaching a total of $1.27 trillion among all stablecoin issuers. According to Sami Start, co-founder and CEO of Transak, the growing stablecoin flows reflect broader confidence in expanding use cases. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-363280 size-full" src="https://coin-turk.com/wp-content/uploads/2024/06/stablecoin.png" alt="" width="1236" height="616"> 
Start commented: Increasing integrations around tokenized real-world assets (RWAs) continue to be a significant driver of stablecoin growth: 
<blockquote> 
 “People now use stablecoins to buy property, secure loans, and facilitate borderless transactions. This democratizes access to global <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">financial markets</a>, allowing everyone to participate anywhere. The increasing use of stablecoins highlights their potential to enhance economic inclusivity and reshape traditional finance.” 
</blockquote> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/stablecoin-transfers-increase-significantly-over-four-years/" data-wpel-link="internal">Stablecoin Transfers Increase Significantly Over Four Years</a></h5>

Stablecoin Transfers Increase Significantly Over Four Years

Table of Contents

COINTURK NEWS

Other articles published on Jun 19, 2024

Cryptocurrency Pepe Up More Than 7% In 24 hours

Dogecoin’s Ownership Shifts: Whales Downsize As Prices Dip, Who’s In Charge Now?

DEGEN ranks 2nd behind DOGE in these key on-chain metrics

Lido DAO Price Forecast: Primed For $5 This Week?

Filecoin (FIL) Reaches Seven-Month Low, Prepping for a Comeback

16,604 ETH Grabbed on Binance as SEC Confirms Ethereum Is Not Security

Join our free newsletter for daily crypto updates!