Global Stablecoin Use Expands Beyond Crypto Transactions, Set to Hit $5.28 Trillion by 2024

According to BlockBeats, on September 12, TheBlock reported that in the survey “Stablecoins: Emerging Market Stories” by venture capital firm Castle Island Ventures, asset management company Brevan Howard, data company Artemis and Visa Crypto, according to the latest survey results of nearly 2,500 people in five emerging markets, stablecoins are no longer just used for cryptocurrency transactions, and their application scenarios are growing. Data shows that approximately $2.62 trillion will be settled through stablecoins in the first half of 2024, with an annualized scale of $5.28 trillion. 57% of users reported an increase in the use of stablecoins in the past year, and 72% believe that this trend will continue. The survey also found that the most popular non-transaction use cases for stablecoins include currency exchange, goods payment, remittances, and payment or receipt of wages.

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