What Visa's ‘Organic' Stablecoin Report Misses [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
tools and currencies as advancing human freedom and financial liberty, for years it's been known that only a small percentage of crypto transactions actually happen between everyday people. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here This was backed up by a recent report co-authored by Visa and data firm Allium Labs into stablecoin use, which found that less than 10% of stablecoin transactions – or just $149 billion the $2.2 trillion total trading volume — in April were “made by real people.” The firms created a new metric measuring “organic payments activity” by filtering out bots and large-scale traders (likely meaning entities like exchanges). The news certainly seems to poke a hole in the idea that stablecoins are on a rollicking adoption curve, with uptake happening across the globe — particularly in developing economies where users are turning to dolla
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