"More Than 90% of Stablecoin Transactions Aren’t From Real Users, Study Finds"

[DrLeftover]

MORE than 90 per cent of stablecoin transaction volumes are not coming from genuine users, according to a new metric co-developed by Visa, suggesting such crypto tokens may be far away from becoming a commonly used means of payment.

The dashboard from Visa and Allium Labs is designed to strip out transactions initiated by bots and large-scale traders to isolate those made by real people. Out of about US$2.2 trillion in total transactions in April, just US$149 billion originated from “organic payments activity”, according to Visa.

Visa’s finding challenges stablecoin proponents’ argument that the tokens, pegged to an asset such as the US dollar, are poised to revolutionise the US$150 trillion payments industry. PayPal and Stripe are among the fintech giants making inroads into stablecoins, with Stripe co-founder John Collison in April citing “technical improvements” for being bullish on the tokens.

More than 90% of stablecoin transactions aren’t from real users, study finds

MORE than 90 per cent of stablecoin transaction volumes are not coming from genuine users, according to a new metric co-developed by Visa, suggesting such crypto tokens may be far away from becoming a commonly used means of payment. Read more at The Business Times.

www.businesstimes.com.sg

 

[Webster]

At some point stablecoins, like everything else in crypto, will become an established part of the financial world.

Crypto Corner

discussionbucks.com

 

[DrLeftover]

Years ago I worked with a guy that was heavily into day trading stocks.

Then, for awhile, he got into buying .... Options.... on Futures.

I asked him exactly what he had paid REAL cash money for.

He explained it, but I still have no idea how it all worked, or even IF it worked.