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Stock impact report

Stablecoins moved $35 trillion last year but only 1% of it was for 'real world' payments [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
report by the consultancy firm McKinsey and the blockchain data firm Artemis Analytics. Their analysis estimated that only $380 billion of activity reflected actual payments, such as paying suppliers, sending remittances or funding payroll. That represents only a tiny fraction, some 0.02% of the overall global payments volume, which McKinsey put at more than $2 quadrillion annually. The finding comes at a time when competition to dominate stablecoin-based payments is intensifying. Traditional payment giants like Visa and Stripe are pushing into stablecoin rails, while crypto firms like Circle and Tether pitch their tokens as replacements for slow and costly international money transfers. While stablecoins are a fast-growing area with much potential, the report said, the headlines claiming stablecoin transaction volumes are overtaking Visa's or Mastercard's multi-trillion payment flows miss a key point. The bulk of the stablecoin volume represents crypto trading, internal trans Show less Read more
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