Bitcoin and stablecoins are becoming a global choice for cross-border value transfer, rivaling Visa and Mastercard. Bitcoin settled $6.9 trillion in payments over the last 90 days, comparable to Visa and Mastercard combined. However, Bitcoin’s economic settlement is about $870 billion per quarter, primarily used for trading, remittances, and investments.
Only 20,599 global merchants accept Bitcoin payments, in stark contrast to Visa’s 175 million merchant locations worldwide. Stablecoins, with their stable value, low fees, and continuous availability, are now moving $225 billion daily. Yet, 70% of stablecoin transfers are linked to trading bots, highlighting the importance of distinguishing between organic and bot activity for policymakers.
Stablecoins continue to gain traction as a global alternative for value transfer, with a daily average of $225 billion moved. However, 70% of stablecoin transfers are attributed to automated trading bots, emphasizing the need to differentiate between organic and bot activity for a comprehensive evaluation of stablecoin adoption and risk assessment.
Read more at Cointelegraph: Bitcoin And Stablecoins Settle Visa-Scale Volumes
