The post Less Than 10% of Stablecoin Transactions Form Real Users: Bloomberg Report appeared first on Coinpedia Fintech News
As per a Bloomberg report, analysis by Visa and Alium labs finds that more than 90% of stablecoin transaction volumes do not come from real users suggesting such from of crypto tokens being used as payment options might be far away. Out of $2.2 trillion in total transactions in April, only $149 billion were from “organic payments activity” where the analysis removed the bot transactions and transactions by large-scale traders. However, a growth of monthly active stablecoin users, with 27.5 million monthly active users across all chains was also reported.