Stablecoins have surpassed the combined volumes of Visa + Mastercard. USDC and USDT control ~90% of the market but tokens like DAI are being used more for payments and DeFi.
Such dynamics are explored in these 2 papers from the S&P Global Market Intelligence Research Paper Series:
• Stablecoin Growth and Market Dynamics: https://dx.doi.org/10.2139/ssrn.5325570
• Stablecoins in the Modern Financial System: https://dx.doi.org/10.2139/ssrn.5329957
Author-
X: https://x.com/vedangvatsa
LI: https://www.linkedin.com/in/vedangvatsa https://x.com/vedangvatsa
Such dynamics are explored in these 2 papers from the S&P Global Market Intelligence Research Paper Series:
• Stablecoin Growth and Market Dynamics: https://dx.doi.org/10.2139/ssrn.5325570
• Stablecoins in the Modern Financial System: https://dx.doi.org/10.2139/ssrn.5329957
Author-
X: https://x.com/vedangvatsa
LI: https://www.linkedin.com/in/vedangvatsa https://x.com/vedangvatsa