TechFlow news, a survey of 2,500 self-identified cryptocurrency users across five emerging markets shows growing stablecoin adoption extending beyond mere crypto trading. The study was jointly conducted by institutions including Castle Island Ventures, Brevan Howard, Artemis, and Visa Crypto.
The results indicate that approximately $2.62 trillion worth of transactions were settled via stablecoins in the first half of 2024, annualizing to $5.28 trillion. 57% of users reported increased stablecoin usage over the past year, and 72% expect this trend to continue.
Beyond crypto trading, common stablecoin use cases include currency exchange, payments for goods, remittances, and wage disbursements. Usage varies by region—for example, Turkish users primarily use stablecoins to earn yield, while Nigerian users mainly use them for U.S. dollar savings.
The survey also found Ethereum to be the most widely used blockchain for stablecoins.
