What Visa’s ‘Organic’ Stablecoin Report Misses
Summary
Stablecoin transactions are mostly driven by bots, with less than 10% attributed to real people. Despite this, stablecoins like Tether and USDC have gained significant traction, attracting millions of users and generating substantial profits. Visa's report on stablecoin use has raised questions about its focus on excluding trading activity and its potential impact on the company's payment business. While the data may be valuable, it reflects Visa's perspective more than stablecoins' actual usage.
