Real Users Account for Less Than 10% of Stablecoin Transaction Volume

Reading Time: < 1 minute

According to a new report by Visa and data platform Allium Labs, only a small portion, less than 10%, of stablecoin transactions are from legitimate or real people.

Out of the $2.2 trillion total transactions in April, only $149 billion were considered to be from organic payments.

The analysis excluded transactions made by bots and large-scale traders to focus solely on those made by real individuals. Currently, the stablecoin market has a supply of around $150 billion, with tether (USDT) and USD Coin (USDC) making up the majority of the market.

These stablecoins are cryptocurrencies that are pegged to another asset, typically the US dollar, to maintain a stable value.

They have gained attention after companies like PayPal announced their own stablecoins and legislation to regulate them is expected to be more successful in the US Congress.