Stablecoins Far From Becoming Common Payment Method, Visa and Allium Labs Data Suggests

According to Foresight News, data from Visa and Allium Labs indicates that stablecoins may be far from becoming a widely used payment method. The data shows that in April 2024, out of the total stablecoin transaction amount of approximately $2.2 trillion, only $149 billion came from 'organic payment activities', accounting for less than 10%. This suggests that there is still a long way to go before stablecoins become a common payment method. The data provides a clear indication of the current state of stablecoin usage, highlighting the challenges that need to be overcome for wider adoption.