US Lagging in Global Stablecoin Adoption, Chainalysis Reports

US Lagging in Global Stablecoin Adoption, Chainalysis Reports

The United States has witnessed record Bitcoin activity following the introduction of spot Bitcoin exchange-traded funds (ETFs). However, the nation’s adoption of stablecoins has notably slowed in 2024, lagging behind global markets, according to an October 17 report by Chainalysis. Stablecoin transaction volumes on US-regulated exchanges dropped significantly this year, with the market share falling from approximately 50% in 2023 to below 40...

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