Stablecoin Transfers Hit $891B as Banks Broaden Adoption: Coinbase
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Stablecoin transfers quadrupled to $891 billion as adoption increased among US banks and businesses, according to Coinbase.
Stablecoin transfers reached $891 billion, a fourfold increase, according to a Coinbase report cited by Cointelegraph.
The report points to wider adoption among US banks and businesses, with financial institutions expanding their use of stablecoins.
Despite the growth in transfers, stablecoins’ total market capitalization has stayed broadly flat over the past year, Coinbase said.
Source: Cointelegraph
