#stablecoin According to recent reports, the total settlement volume of stablecoins reached $35 trillion ($35 Trillion) last year. While this is a huge amount, it is interesting to note that only 1% of that is in the form of of this was used for real-world payments.
So where are the other 99 percent spending it?
Why is there so much volume?
A large part of this $35 trillion is due to the following factors.Trading & Liquidity: Stablecoins are used as the main base currency for trading on crypto exchanges.
Arbitrage: Volumes that move by taking advantage of price differences between exchanges.
DeFi Protocols: Yield farming, lending, and borrowing are the amounts involved in the process.
What is the state of real-world adoption?
Currently, only 1% of real-world purchases of goods or services are made using stablecoins, which is why they are considered a "mainstream payment method." still have a long way to go before they become a
But this 1 percent (about $350 billion) is not a small amount. Some large corporations are starting to take notice because of the low cost and speed of cross-border remittances.
While the high volume shows market confidence, they still need better regulation and easier interfaces to be used in our real-world everyday lives.
What do you think? What do you think will be needed for stablecoins to become widely used in real-world payment?