Stablecoins now account for over 1% of US dollars in circulation, according to a16z's State of Crypto report. The report highlights that stablecoin transaction volumes have reached $9 trillion annually, with major institutions like BlackRock, Visa, JPMorgan Chase, and PayPal adopting them for efficient cross-border payments. Blockchain throughput has surged over 100-fold in five years, supporting more than 3,400 transactions per second. Tether’s USDT and Circle’s USDC are identified as leading stablecoins, holding reserves of $127 billion and $11 billion, respectively.
Stablecoins Surpass 1% of US Dollar Circulation, a16z Report Reveals
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.