Less Than 10% of Stablecoin Transaction Volume Coming from Real Users: Report
Less than 10% of stablecoin transaction volumes are organic or come from real people, as per a report by Visa and Allium Labs. Out of approximately $2.2 trillion in total transactions in April, only $149 billion came from organic payments activity. The report excluded transactions made by bots and large-scale traders. The stablecoin market supply is around $150 billion, with tether (USDT) and USD Coin (USDC) holding market shares of 75% and 22% respectively. Stablecoins are cryptocurrencies tied to another asset class, typically the U.S. dollar, to maintain a stable value. Despite the discrepancy between total and bot-adjusted transfer volumes, the report found a steady growth of monthly active stablecoin users, with 27.5 million monthly active users across all chains.
