بروزرسانی: 26 خرداد 1404
Stablecoins Under Scrutiny: Study Reveals 90% Non-User Transactions
Over 90% of stablecoin transactions do not originatefrom real users, a recent study by Visa and Allium Labs revealed. Thesefindings raise questions about the potential of stablecoins revolutionizing thepayment sector despite the optimism from industry leaders and the overall positive marketsentiment.
Stablecoin Potential in Payments
Out of a staggering $2.65 trillion in total stablecoin transactions in the past 30 days, a mere $265 billion is attributed to "organicpayments activity," highlighting the prevalence of non-user transactions.This data was highlighted in a dashboard aimed at analyzing stablecointransactions to differentiate between authentic user activity and artificialvolume.
This revelation challenges the narrative thatstablecoins, tethered to assets like the dollar, are on the brink oftransforming the payment industry, a notion supported by fintech giants likePayPal and Stripe. Despite the bullish sentiments expressed by industryleaders, including John Collison of Stripe, the data underscores the nascentstage of stablecoins as a viable payment instrument, Bloomberg reported.
While the potential for stablecoins to disrupt thepayments sector is acknowledged, practical hurdles remain. Airwallex\'s PranavSood highlights the imperative of enhancing existing payment infrastructure tofacilitate seamless adoption. Moreover, user-friendly interfaces are crucial,with many consumers still favoring traditional payment methods due to ease ofuse.
Despite the challenges, analysts predict a significantsurge in stablecoin circulation in the coming years, with the potential for thetotal value to reach $2.8 trillion by 2028. Recently, Stripe made a comeback into thecryptocurrency space after exiting the sector six years ago. However, thistime, the payment firm is embracing stablecoins to facilitate transactions andminimize risks.
Institutional Stablecoin Adoption
Stripe\'s decision to use stablecoins marks adeparture from its previous foray into crypto, which was marred by volatilityand technical challenges. Stablecoins, such as Circle\'s USDC, offer apredictable value, mitigating the sharp fluctuations associated withtraditional cryptocurrencies like Bitcoin.
During a recent presentation, Stripe\'s Co-Founder andPresident, John Collison, demonstrated a seamless crypto payment using USDC,emphasizing its stability and suitability for online transactions.
Reflecting on their earlier experience with Bitcoinpayments, Collison acknowledged the shortcomings, labeling it as a "prettyterrible payment experience." However, this time around, Stripe is bettingon stablecoins to provide a more reliable and user-friendly payment solution.
Stripe\'s resurgence in the crypto realm comes at atime when the company is experiencing exponential growth in payment volumes,surpassing $1 trillion. With clients, including industry giants like Zara andFord, Stripe continues to solidify its position in payment processing.
This article was written by Jared Kirui at www.financemagnates.com.منبع: https://www.financemagnates.com//cryptocurrency/stablecoins-under-scrutiny-study-reveals-90-non-user-transactions/