Visa Study: Majority Of Stablecoin Transactions Are Non-Organic

Visa and Allium Labs conducted a study recently on stablecoin transactions, revealing that a significant portion of these transactions are non-organic. The research found that less than 10% of stablecoin transactions in April were actually initiated by genuine users. This suggests that the adoption of stablecoins as a payment method is still not as widespread as anticipated. The majority of the transactions were attributed to bots, indicating that there may be manipulative activities skewing the data and usage of stablecoins.

The findings of the study shed light on the challenges that stablecoins face in gaining wider acceptance and utility. Despite the potential benefits of stablecoins such as faster and cheaper cross-border transactions, the presence of bots dominating the transactions raises concerns about the legitimacy and trustworthiness of such digital assets. The lack of genuine user participation in stablecoin transactions also points to a possible lack of understanding, trust, or infrastructure to support their mainstream adoption as a means of payment.