 | Cuy Sheffield, Head of Crypto at Visa, shared some interesting insights on stablecoin adoption in retail payment use cases. He used on-chain data and created a base-level proxy for payments by assigning a <$200 value heuristic to the on-chain transaction data. According to his analysis, Tron dominates stablecoin adoption in emerging markets, which may come as a surprise to some in the West. The monthly active users (MAUs) sending stablecoin payments on Tron are particularly high. Sheffield noted that this trend was also observed by Messari Crypto in their Q4 State of Tron Report. However, when it comes to growth, the rapid expansion of Ethereum layer 2's and side-chain activity cannot be ignored. The MAUs sending stablecoin payments on these chains have increased by over 500% YoY. Overall, Sheffield finds it to be an exciting time for the space and predicts that stablecoin payment adoption will continue to evolve in the coming years. [link] [comments] |
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