Visa Inc., in collaboration with Allium Labs, reveals that over 90% of stablecoin transactions, totaling $2.2 trillion in April, were not from real users but likely bots and large traders, with only $149 billion considered genuine payments. This groundbreaking metric challenges the view that stablecoins, despite being praised for potential in the $150 trillion payments industry, are near a breakthrough in mainstream financial payments. The findings underscore the nascent state of stablecoins in the payment sector, highlighting the need for improved infrastructure to fulfill their long-term potential. Read more.
