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More Than 90% of Stablecoin Transactions Aren't From Real Users, Visa Study Finds
Monday May 6, 2024. 04:00 PM , from Slashdot
Visa's finding challenges stablecoin proponents' argument that the tokens, pegged to an asset like the dollar, are poised to revolutionize the $150 trillion payments industry. PayPal and Stripe are among the fintech giants making inroads into stablecoins, with Stripe co-founder John Collison in April citing 'technical improvements' for being bullish on the tokens. Visa itself, which handled more than $12 trillion worth of transactions last year, is among companies that could stand to lose out should stablecoins become a generally accepted means of payment. Read more of this story at Slashdot.
https://news.slashdot.org/story/24/05/06/048208/more-than-90-of-stablecoin-transactions-arent-from-r...
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