{"id":16930,"date":"2024-09-12T20:40:36","date_gmt":"2024-09-12T17:40:36","guid":{"rendered":"https:\/\/forklog.com\/en\/beyond-speculation-researchers-highlight-real-world-stablecoin-use-cases\/"},"modified":"2024-09-12T20:40:36","modified_gmt":"2024-09-12T17:40:36","slug":"beyond-speculation-researchers-highlight-real-world-stablecoin-use-cases","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/beyond-speculation-researchers-highlight-real-world-stablecoin-use-cases\/","title":{"rendered":"Beyond Speculation: Researchers Highlight Real-World Stablecoin Use Cases"},"content":{"rendered":"

Stablecoins are not merely tools for speculative crypto trading; they are also employed in “real-world use cases.” This is evidenced by the findings of a study<\/a> conducted by Castle Island Ventures, Brevan Howard, Artemis, and Visa Crypto.<\/p>\n

<\/p>\n

\n“We felt a lack of information on how people actually use stablecoins worldwide, especially in emerging markets. Therefore, we commissioned a survey of 2,500 users from Brazil, Nigeria, Turkey, Indonesia, and India,” noted Castle Island Ventures managing partner Nic Carter.<\/cite><\/p><\/blockquote>\n

He added that this is the first study of its kind, which is “very revealing in the context of real stablecoin usage.” <\/p>\n

The report highlights that “stablecoins,” with their total capitalization of ~$170 billion<\/a>, are an “undeniable killer app<\/a>.”<\/p>\n

Beyond trading, the most popular stablecoin use cases include converting crypto assets, payments for goods, remittances, and salary disbursements.<\/p>\n

However, there are significant regional differences. For instance, the main “non-trading” use case in Turkey is earning income on invested funds; in Nigeria and partly in Indonesia, it is “storing money in US dollars.”<\/p>\n

\n“For many Indonesians, stablecoins are more accessible than banking operations in US dollars. The requirements for registering on local crypto exchanges are simpler than those needed to open a bank account in US currency. Therefore, users face lower entry barriers,” noted representatives of the Pintu platform.<\/cite><\/p><\/blockquote>\n

Users of the African trading platform Yellow Card reported using “stablecoins” for currency operations due to frequent restrictions on international transactions.<\/p>\n

\n“As a result, people and businesses resort to stablecoins to maintain cash flow, continue importing goods, conduct business, and support their families,” the company noted.<\/cite><\/p><\/blockquote>\n

The survey was conducted from May 29 to June 13, 2024, via the YouGov platform.<\/p>\n

Earlier, analysts at CryptoQuant recorded an influx of USDT to cryptocurrency exchanges, which may indicate “increased long potential.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Stablecoins are not merely tools for speculative crypto trading; they are also employed in “real-world use cases.” This is evidenced by the findings of a study conducted by Castle Island Ventures, Brevan Howard, Artemis, and Visa Crypto.<\/p>\n","protected":false},"author":1,"featured_media":16929,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[167,807],"class_list":["post-16930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-research","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"44","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16930"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16929"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}