Visa Reveals Majority of Stablecoin Transactions Are Automated, Not Human-Driven

A new analysis by Visa and Allium Labs shows over 90% of stablecoin transactions are inorganic, raising questions about their role in real-world finance.

• Visa's data indicates a stark discrepancy between actual and reported stablecoin transaction volumes, with genuine human transactions accounting for less than 10%.
• USDC has seen a significant increase in usage, now accounting for over 50% of all stablecoin transactions monitored.
• The total stablecoin market supply stands at approximately $150 billion, dominated by USDT and USDC.
• Visa's findings challenge the notion that stablecoins are close to becoming mainstream payment methods.
• Despite the automation, there is a steady growth in the number of active stablecoin users, now at 27.5 million monthly.

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