Core Insights - Stablecoins facilitated over $35 trillion in transactions on blockchain networks last year, but only about 1% ($380 billion) was used for real-world payments [1][2] - This $380 billion represents a mere 0.02% of the total global payments volume, which exceeds $2 quadrillion annually [2] - The report emphasizes that much of the stablecoin transaction volume is attributed to crypto trading and internal transfers, rather than end-user payments [3] Usage Areas - Stablecoins are primarily utilized in three key areas: - Business-to-business (B2B) transactions, accounting for $226 billion in annual volume - Global payroll and remittances, totaling $90 billion - Capital markets activities, such as automated fund settlements, amounting to $8 billion last year [4] Long-term Potential - The report asserts that the lower-than-expected true stablecoin payment volumes do not undermine their long-term potential as a payment rail, but rather provide a clearer baseline for market assessment and future scaling requirements [5]

RT Techmeme (@Techmeme)Hong Kong-based RedotPay, a fintech focused on stablecoin-based payments, raised a $107M Series B led by Goodwater Capital, bringing its total raised to ~$200M (@yogita_khatri5 / The Block)https://t.co/zay8tY5TaLhttps://t.co/Xkc2DGTY6o📥 Send tips! https://t.co/KoagBA6ZIh ...