Stablecoin Supply Stalls As Payment Volume Surges
Stablecoin supply remains flat while payment activity jumps 45% as major traditional financial networks connect crypto to cash.
Stablecoin supply has stalled across the market while overall payment activity has jumped by 45%, according to CoinDesk. The surge in usage coincides with major traditional financial institutions, including Visa, Mastercard, and Stripe, actively connecting cryptocurrency to fiat cash rails.
Payment Volume Climbs
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While the total circulating supply of stablecoins has experienced a period of stagnation, the underlying velocity and transaction volume for utility payments have expanded significantly. Major payment processors are increasingly embedding blockchain-based rails into their legacy systems, facilitating direct conversion between digital assets and traditional currency.
Key facts
- Stablecoin supply has stalled while payments jumped by 45%
- Integration efforts involve Visa, Mastercard, and Stripe connecting crypto to cash rails
Source: coindesk.com
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