Nearly all stablecoin transactions are from bots and large-scale traders, not genuine users, study says

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Read more: Stripe Brings Back Crypto Payments on Platform With Stablecoins “It says that stablecoins are still in a very nascent moment in their evolution as a payment instrument,” Pranav Sood, executive general manager for EMEA at payments platform Airwallex, said of the data.
Visa itself, which handled more than $12 trillion worth of transactions last year, is among companies that could stand to lose out should stablecoins become a generally accepted means of payment.
Because transactions using such tokens are instantaneous and almost without cost, many in the crypto industry argue that they’re perfectly suited for disrupting the payments sector.
“It’s important to remember that in the US, people are still using checks to pay for somewhere between 40% and 60% of business payments, which gives you a sense of where the market really is in terms of technological adoption.”