Stablecoin payments report: B2B dominates, USDC gains in some regions

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Today, the team at Artemis released the most comprehensive report on stablecoin payments usage to date. We at Dragonfly supported them in compiling research and insights for the report. A few of the most exciting key takeaways for us 👇 1/ B2B payments now dominate stablecoin activity, with an annualized volume of $36B. Companies are using stablecoins for supplier payments, treasury management, and cross-border invoicing. 2/ P2P volumes have stagnated while card linked volumes have also started to see steepening growth - indicating the use of real world payments for goods vs. just remittance or cross border money movement 3/ We still see USDT dominate share in most regions for payments - with pockets of outperformance for USDC in India, Argentina, and Mexico. There was some indication recently that USDC could be gaining in the B2B segment, but we will need to see more months of data 4/ For payments, Tron and Ethereum mainnet still dominate. With Polygon and BSC gaining some small market share recently, and Solana still quite nascent behind that Thanks to Nic Carter and the Castle Island Ventures team for collaborating with us on this. Download the full report here: https://www.stablecoin.fyi

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Will review… Thanks for sharing. ;)

Nice, would be interesting to see a breakdown of stablecoins holding (i.e. cex, dex, perps & wallets)

Rob Hadick - great work. Deblock would be happy to share our insights in the next report in this category so feel free to connect

very interesting ...

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Great insights! Would love for insights on yield baring stables as well! Also Utila can share some insights from a modular infra perspective

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