Visa says tens of billions of stablecoin transactions are 'inorganic'

2024-05-06 08:27:21

Visa has released a new study that questions the assumption that stablecoin volume is close to the level of traditional Payment Network. Cuy Sheffield, the company’s head of Crypto Assets, said stablecoin trading in Xu long Blockchain was affected by “a lot of noise”, mainly due to automated bot activity. To distinguish between stable hard coin trading methods, Visa uses two metrics to focus on the maximum stable copper face value transferred in a single transaction and stable copper transactions with no more than 1,000 user-initiated transactions

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