TechFlow news, October 17 — According to a Cointelegraph report, blockchain data analytics firm Chainalysis' latest report shows that while the launch of U.S. Bitcoin ETFs has driven record growth in Bitcoin activity, the adoption rate of stablecoins in the United States lagged behind global markets in 2024.
The report指出 that the share of stablecoin transactions on regulated U.S. exchanges declined from around 50% in 2023 to below 40% in 2024. In contrast, stablecoin transaction volumes on non-U.S. regulated platforms have surged since 2023, exceeding 60% in 2024.
Chainalysis emphasized that this shift does not indicate a sharp decline in U.S. stablecoin activity, but rather reflects the rapidly expanding role of stablecoins in emerging markets and non-U.S. jurisdictions. Global demand for dollar-backed assets has surged, especially in countries with limited access to stable currencies.
The report also noted regulatory uncertainty as another factor contributing to the U.S. lag in stablecoin adoption. Circle stated that the lack of a clear crypto regulatory framework in the U.S. has allowed financial hubs such as Europe and the UAE to attract stablecoin projects through more favorable regulatory environments.
