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Stablecoins Under Scrutiny: Study Reveals 90% Non-User Transactions
Over 90% of stablecoin transactions do not originate from real users, a recent study by Visa and Allium Labs revealed. These findings raise questions about the potential of stablecoins revolutionizing the payment sector despite the optimism from industry leaders and the overall positive market sentiment. Stablecoin Potential in Payments Out of a staggering $2.65 trillion in total stablecoin transactions in the past 30 days, a mere $265 billion is attributed to "organic payments activity," highlighting the prevalence of non-user transactions. This data was highlighted in a dashboard aimed at analyzing stablecoin ... (full story)