Stablecoins Moved $891 Billion in Q3 After Excluding Exchange and Bot Activity
(3 hours ago) · 1 source · Summarized by CryptoBipto
Stablecoin transfer volume reached $891 billion in a single quarter when transactions involving exchanges and automated bots were filtered out. The figure is intended to reflect organic, person-to-person or business-related usage of stablecoins rather than trading-related activity. The data highlights the growing role of stablecoins in real-world payments and transfers.
WHY IT MATTERS
Stablecoins are cryptocurrencies designed to maintain a steady value, usually pegged one-to-one with a traditional currency like the US dollar. Think of them like digital dollars that can be sent over the internet without needing a bank. A lot of stablecoin activity on blockchains comes from trading bots and exchanges shuffling funds around, which can make the numbers look bigger than the real-world usage actually is. This report filtered out that noise to show how much value ordinary people and businesses are actually moving with stablecoins. The $891 billion quarterly figure suggests that stablecoins are being used for everyday economic purposes on a very large scale, not just for crypto trading.
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- cryptoslate.com
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