The report is based on the data provided by 20 leading fintech companies, including the Asian supplier of payment decisions Reap. Researchers emphasized that the volume of calculations in stablecoins between enterprises has grown sharply: over the past two years, it has increased 30 times. Companies began to perceive stablecoins as practical tools for financial transactions.
Reap noted that in the second half of 2024 there was a noticeable increase in the use of stablecoins in the field of corporate finance, international payments and money transfers. Most often, payments in stablecoins are made from the USA, Hong Kong, Singapore, Japan and the UK. Singapore-China was the most active “payment corridor”.
“Stebblecoins have gone beyond the Web3 sector – now they are used for international financing. From Asia to Latin America, payments with stablecoins are made quickly, stably and continuously, ”said the co -founder of Reap Daren Guo).
The co -founder of Artemis Anthony Yim, who previously worked in the Venmo payment service, added that earlier payments and money transfers could occupy several days, and complex systems were used to conduct them. Now it can be done using just a few lines of code.
Earlier, analysts by Artemis and Dune found out that over the past year the number of active addresses with stablecoins has increased from 19.6 million to 30 million. Recently, TRM Labs experts have reported that over the past year, the share of legal transactions with stablecoins was 99%.
Source: Bits
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