About $2.62 trillion settled via stablecoin in H1 2024

On 12 September, according to the results of a new survey of nearly 2,500 people across five emerging markets in Stablecoin: The Emerging Markets Story, a survey by venture capital firm Castle Island Ventures, asset management firm Brevan Howard, data firm Artemis and Visa Crypto, TheBlock reported that Stablecoin is no longer just used for cryptocurrency trading; its application scenarios are growing. According to the data, approximately $2.62 trillion was settled in stablecoin in the first half of 2024, amounting to $5.28 trillion on an annualised basis. 57% of users reported an increase in the use of stablecoin in the past year, and 72% believe this trend will continue. The survey also found that the most popular non-transactional uses of stablecoin include currency exchange, payment for goods, remittances, and paying or receiving salaries.