A report by BitPay Inc., one of the world’s biggest crypto payment processors has found that Bitcoin’s use at merchants has dropped to about 65% of processed payments in 2021, down from 92% in 2020.

Payments in Ether accounted for 15% of the total, stable coins accounted for 13%, while other coins - Dogecoin, Shiba Inu, and Litecoin - made up 3%.