Consumers and businesses are using stablecoins – digital tokens pegged to the dollar – to make real-world purchases and payments at an accelerating pace since the July passage of the first US legislation to regulate that niche of the cryptocurrency sector.
Over $10 billion was moved through stablecoins in August for goods, services, and transfers, up from $6 billion in February and more than double the volume from August 2024, according to a report from Artemis, a blockchain data provider. At this pace, stablecoin payments could reach $122 billion over a full year, Artemis researchers said.
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