1/16 Stablecoins are undeniably crypto's killer use case atm and going to mainstream faster than any other application.
Don't take my word for it, look at the data 🧵
Don't take my word for it, look at the data 🧵
2/16 Total value settled with stablecoins is rising in the bear market, reaching over $7 trillion in 2022.
For comparison, Mastercard processed $2.2 trillion in value in 2022.
For comparison, Mastercard processed $2.2 trillion in value in 2022.
3/16 USDC volume and weekly active wallets are both going up in spite of the bear market.
4/16 The relative share of stablecoins market cap in Ethereum (e.g. vs. DeFi mcap) is growing significantly.
5/16 The absolute stablecoin market cap only fell by 5.7%, visibly uncorrelated to DeFi TVL.
6/16 Payment stablecoins like USDC (only backed by cash & cash equivalents) are uncorrelated to the price of #bitcoin or the trading volumes in associated trading pairs.
7/16 fwiw, USDC is even less speculative than the US Dollar (M2).
About 15% of USDC transactions are wallet-to-wallet transfers, which is relatively high compared to the 2% for non-financialized transfers observed in traditional payment systems.
circle.com
About 15% of USDC transactions are wallet-to-wallet transfers, which is relatively high compared to the 2% for non-financialized transfers observed in traditional payment systems.
circle.com
8/16 Stablecoins are the de facto working capital in DeFi.
In the 2H of 2022, around 45% of the liquidity in decentralized exchanges was provided by stablecoins.
crypto.news
In the 2H of 2022, around 45% of the liquidity in decentralized exchanges was provided by stablecoins.
crypto.news
9/16 DeFi & Payment stablecoins can bring down fx costs (a $7T daily volume market) by up to 80%, saving unbanked and underbanked individuals $30 billion per year.
uniswap.org
uniswap.org
10/16 In some - particularly inflation-affected - parts of the world, more than 1/3 of the population has already done an everyday purchase with a stablecoin.
Retail adoption is picking up steam.
coindesk.com
Retail adoption is picking up steam.
coindesk.com
11/16 For international teams in Web3, already a majority of companies surveyed offer USDC or other stablecoins as the primary form of compensation for all employees.
12/16 83% of merchants are prioritizing stablecoins payments, which promise to save them a lot of money.
www2.deloitte.com
www2.deloitte.com
13/16 Literally all global payment service providers - incl. VISA, Mastercard, checkoutdotcom, Plaid, Stripe, Worldpay from FIS etc. - are investing into stablecoin (USDC) payment & settlement solutions.
pymnts.com
pymnts.com
14/16 Increasingly, payment stablecoins are adopted for corruption-resistant, instant and low-cost financial aid programs in war and conflict-affected regions like Ukraine.
International organizations like the UNHCR are leading the way.
unhcr.org
International organizations like the UNHCR are leading the way.
unhcr.org
15/16 Finally, across the world (EU, UK, US, Japan, Singapore etc.), regulatory clarity and regulatory frameworks for stablecoins are advancing rapidly, and usually first.
coindesk.com
coindesk.com
16/16
Stablecoins - offering 24/7 instant settlement on a credibly-neutral, shared global ledger - will become a core part of the global payments infrastructure over the coming decade.
The benefits are obvious. The data speaks for itself. Stablecoins are about to go mainstream.
Stablecoins - offering 24/7 instant settlement on a credibly-neutral, shared global ledger - will become a core part of the global payments infrastructure over the coming decade.
The benefits are obvious. The data speaks for itself. Stablecoins are about to go mainstream.
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