Visa Releases First Cryptocurrency Report: Stablecoins Shift to Practical Applications
Publication Time:2024-09-13 04:07:06
Payment giant Visa recently published a report on the use of stablecoins in the world of cryptocurrency, titled 'Stablecoins: The Story of Emerging Markets'. This report tracks the actual usage of stablecoins worldwide, focusing on 2,500 users in five countries: Brazil, Nigeria, Turkey, Indonesia, and India. The research reveals that while stablecoins initially were primarily used for speculative trading, their applications are increasingly expanding into practical scenarios. This suggests that in emerging markets around the globe, stablecoins are gradually becoming a more practical and convenient payment method.
stablecoins
global markets
Visa
Cryptocurrency Research
Practical Applications