Over 90% of Stablecoin Transactions Are Non-Organic
Visa’s metric filters out bot-driven and high-volume trader transactions, revealing that only $149 billion of $2.2 trillion in stablecoin transactions were from genuine user activity.
Stripe published an article examining main issues of bitcoin market.
Visa’s metric filters out bot-driven and high-volume trader transactions, revealing that only $149 billion of $2.2 trillion in stablecoin transactions were from genuine user activity.
Several prominent Avalanche ecosystem partners have already signaled their intention to integrate with Stripe, including GoGoPool, Avvy, Pakt, zeroone, Halliday, The Arena, Shrapnel, and DeFi Kingdoms.
Over the years, Tether’s USDT has dominated the industry as the preferred stablecoin among its pairs, trading as the third largest crypto after Bitcoin and Ethereum, with a market capitalization of $110.64 billion.
Stripe said that it would facilitate all of the USDC transactions through Ethereum, Solana, and the Polygon blockchain networks and immediately convert them into fiat.
Adyen reported net revenue of €1.62 billion for 2023, up 22 percent YoY, fueled by continued growth in the customer base amid an expanding team of employees.
Adyen published its slowest growth for a half-year since 2018 and lost $20 billion of its market valuation as shares also fell 39%.
Although there are no specific details on what to expect from Twitter following the money transmitter licenses, insiders believe that Twitter Payments will start offering fiat currency services.
Top crypto companies rank amongst the largest Fintech companies in America despite market challenges.
The Stripe-hosted onramp was created with Web3 companies in mind. It is designed to cater to their varied use cases.
The partnership with Uber comes as Stripe started experiencing slower growth.