Uncovering Stablecoin Transaction Volumes
Stablecoins have become an integral part of the crypto ecosystem, offering value stability that is expected to facilitate everyday transactions.
However, behind the large figures often cited, questions arise regarding the authenticity of the reported transaction volumes.
Visa and Allium Labs Analysis: Unveiling the Reality
Based on information quoted from Beincrypto media, according to a report by Visa and Allium Labs, more than 90% of stablecoin transaction volume does not originate from genuine user activity.
Out of a total of approximately US$2.2 trillion in stablecoin transactions in April, only around US$149 billion was categorized as organic transactions.
The Role of Bots and Large-Scale Traders
The analytical dashboard developed by Visa and Allium Labs was designed to filter out transactions conducted by bots and large-scale traders.
This aims to isolate activities that truly reflect the use of stablecoins by individuals in everyday life.
Implications for Stablecoin Adoption
These findings challenge the narrative that stablecoins are ready to revolutionize the global payments industry.
If the majority of transaction volume stems from non-organic activity, then the adoption of stablecoins as a primary means of payment may still require more time and effort.
Conclusion: Interpreting Data Critically
Although stablecoins offer great potential within the digital financial system, it is important for stakeholders to interpret transaction volume data critically.
Understanding the origins and nature of these transactions will assist in designing more effective adoption and regulatory strategies.
