Stablecoin Usage Rising in Emerging Markets According to New Expert Report

Thursday, 12 September 2024, 16:45

Stablecoin adoption is increasing in emerging markets, as highlighted by Brevan Howard and Castle Island Ventures. This report reveals insights into how stablecoins are utilized for savings and payments, emphasizing that while their use is growing, crypto trading remains dominant. The data, drawn from 2,500 respondents across Brazil, Nigeria, Turkey, Indonesia, and India, illustrates a significant trend in the financial ecosystem.
Coindesk
Stablecoin Usage Rising in Emerging Markets According to New Expert Report

Stablecoin Usage in Emerging Markets

Recent evaluations reveal that stablecoins are increasingly being utilized in emerging markets for various purposes, including savings and payments.

Insights from Industry Leaders

According to a report by Brevan Howard and Castle Island Ventures, the analysis surveyed over 2,500 crypto users in Brazil, Nigeria, Turkey, Indonesia, and India.

  • Increased Adoption: Users in these regions are leveraging stablecoins as a practical financial tool.
  • Crypto Trading Dominance: Despite the rise of stablecoins, traditional cryptocurrency trading maintains its lead.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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