For the first quarter of 2020, the volume of stablecoins transactions exceeded $ 90 billion
Since the beginning of 2020, there has been a significant increase in operations with stablecoins pegged to the US dollar.
According to The Block, in the first three months of this year, the stablecoin transaction volume amounted to $ 90.4 billion, which is almost 280% more compared to the same period last year, and 8% higher than in the 4th quarter of 2019. The calculation took into account not only transactions related to trading activities, but also the value of assets transferred between wallets.
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Over the past year, the total value of operations with stable coins amounted to $ 252.3 billion, and, for example, the turnover of the PayPal payment system – $ 712 billion.
In the first quarter, most of the transactions fell on the USDT-ETH trading pair and amounted to 62% of the total. DAI recorded the largest growth; over the past 3 months, its turnover has increased by 344%.
Earlier, we also reported that for all time the Bitcoin network has already processed more than 500 million transactions.
, Shutterstock, graphics: The Block