🚀 Bitcoin is booming in the US thanks to new spot BTC ETFs, but stablecoins are having a bit of a midlife crisis! According to Chainalysis, stablecoin transactions on US exchanges have dipped below 40% in 2024, down from 50% last year. Meanwhile, non-US platforms are partying hard with over 60% of stablecoin transactions. 🌍

Why the shift? Emerging markets are loving US dollar-backed stablecoins for their stability and low transaction costs. Regulatory uncertainty in the US isn't helping either.

What do you think? Are stablecoins losing their mojo in the US? Drop your thoughts below! 💬