Survey: Approximately $2.62 trillion settled through stablecoins in the first half of the year

ChainCatcher news, according to The Block, a recent survey of nearly 2,500 people in five emerging markets shows that stablecoins are no longer just used for cryptocurrency trading; their application scenarios are expanding.

Data indicates that approximately $2.62 trillion will be settled through stablecoins in the first half of 2024, with an annualized scale reaching $5.28 trillion. 57% of users reported an increase in stablecoin usage over the past year, and 72% believe this trend will continue. The survey also found that the most popular non-trading use cases for stablecoins include currency exchange, goods payments, remittances, and paying or receiving salaries.