Stablecoin Application Expansion: $262 Trillion in Stablecoin Settlements
Publication Time:2024-09-12 21:47:12
Recently, Golden Finance conducted an in-depth survey among 2,500 users in five emerging markets, revealing significant changes in the role of stablecoins in the financial market. According to the report, although stablecoins initially were mainly used for trading between cryptocurrencies, their application scope has gradually expanded to other areas of financial activities. Particularly in the first half of 2024, the total amount settled through stablecoins reached an astonishing $26.2 trillion, with an estimated annualized scale reaching $52.8 trillion. This data reflects that stablecoins play an increasingly important role in the financial market, and their influence should not be underestimated. Additionally, the survey revealed an interesting phenomenon: over 57% of respondents reported that they had increased their use of stablecoins over the past year. This suggests that as blockchain technology and the cryptocurrency market continue to develop, stablecoins have become part of more users' daily financial operations. Meanwhile, 72% of respondents believe this growth trend will continue, indicating a promising future outlook for stablecoins. Notably, the application of stablecoins beyond trading purposes has attracted considerable attention. Currency exchange, goods payment, remittances, and payments or receiving salaries have become the most popular application cases for stablecoins. These examples demonstrate that stablecoins are not just limited to transferring virtual assets, but are truly integrated into daily life and business operations, showcasing their strong practicality and convenience.
stablecoin
Cryptocurrency trading
Application Scenarios
Currency Exchange
Goods Payment
Remittances
Salary Payment