🚀 Stablecoin Usage Expands Beyond Crypto Trading, Report Finds
#stablecoins #crypto #USD #currencyconversion #yieldgeneration #payments #crossborderpayments #digitaldollar #regulation #emergingmarkets #remittances #financialinclusion #Nigerianusers
According to Odaily, Castle Island Ventures has released a report on stablecoins, highlighting their growing usage from an on-chain perspective. The report examines metrics such as monthly active addresses, total supply, and settlement value, revealing that stablecoins are increasingly being used as a significant settlement medium. This new transaction value estimate suggests that stablecoins are competing with existing transfer networks while avoiding the overestimation issues that previously plagued on-chain data.
The findings challenge the common perception that stablecoins are primarily used for speculative trading of crypto assets. Among the surveyed crypto users, 47% cited saving in USD as their primary goal for using stablecoins, 43% mentioned efficient currency conversion, and 39% indicated yield generation. While accessing crypto exchanges remains the top use case for respondents, other non-crypto economic activities are also emerging.
When asked about stablecoin activities in non-crypto sectors, the most common use was as a currency substitute (69%), followed by payments for goods and services (39%) and cross-border payments (39%). It is evident that stablecoins have evolved from simple trading collateral to a versatile digital dollar tool, especially in the surveyed countries.
Additionally, the vast majority (about 99%) of stablecoins are pegged to the US dollar. Discussions about stablecoin regulation in the United States must consider that many individuals and businesses in emerging markets rely on these networks for savings, cross-border payments, remittances, and corporate cash management. In nearly all surveyed countries or regions, stablecoins are increasingly becoming alternatives to dollar banking services, which are scarce in these areas. Among the surveyed countries, Nigerian users showed the highest affinity for stablecoins.#stablecoins #crypto #USD #currencyconversion #yieldgeneration #payments #crossborderpayments #digitaldollar #regulation #emergingmarkets #remittances #financialinclusion #Nigerianusers
🚀 Truther to Launch Payment Card in El Salvador by 2026
#Truther #PaymentCard #ElSalvador #Cryptocurrency #Visa #USDT #SelfCustodyWallet #CurrencyConversion #Brazil #IOFtax #Argentina #Mexico #Colombia #Russia #Stablecoins
According to ChainCatcher, cryptocurrency payment company Truther is set to introduce a payment card in El Salvador on January 29, 2026. This initiative, in collaboration with Visa, will allow users to spend USDT directly from their self-custody wallets.
The card does not require preloading or custodial services, and currency conversion fees are set at 2%. Brazilian users will benefit from not having to pay the IOF tax. Following its launch in El Salvador, the card will be available to all Truther users.
Truther aims to expand its services to other countries, including Argentina, Mexico, Colombia, and Russia. Additionally, the company plans to integrate more local stablecoins into its self-custody wallet by early 2025.#Truther #PaymentCard #ElSalvador #Cryptocurrency #Visa #USDT #SelfCustodyWallet #CurrencyConversion #Brazil #IOFtax #Argentina #Mexico #Colombia #Russia #Stablecoins
🚀 Michael Saylor Discusses Digital Credit as a Refinement of Digital Capital
#MichaelSaylor #DigitalCredit #DigitalCapital #Finance #Cryptocurrency #Investing #Blockchain #RiskManagement #Volatility #CurrencyConversion #YieldExtraction #BTC
According to BlockBeats, on January 16, Michael Saylor stated that digital credit represents a refinement of digital capital. He explained that it involves stripping away risk, suppressing volatility, compressing terms, converting currencies, and extracting yields.#MichaelSaylor #DigitalCredit #DigitalCapital #Finance #Cryptocurrency #Investing #Blockchain #RiskManagement #Volatility #CurrencyConversion #YieldExtraction #BTC
🚀 BRICS Alliance Seeks to Reduce US Dollar Dependency in Trade
#BRICS #USdollar #currencyconversion #localcurrency #monetarysystem #globaltrade #economicpolicy #internationalfinance
The BRICS alliance is working towards eliminating the US dollar from their trade transactions to avoid hidden costs and revenue loss associated with currency conversions. According to NS3.AI, experts emphasize that using direct local currency exchanges would decrease reliance on the US dollar and lessen vulnerabilities tied to US economic policies. The long-term goal is to establish a more diversified international monetary system that is less dominated by the US dollar.#BRICS #USdollar #currencyconversion #localcurrency #monetarysystem #globaltrade #economicpolicy #internationalfinance