In-Depth Analysis: The Real Story Behind 35 Trillion Dollars in Stablecoin Transactions

Stablecoin Transaction Volume is Massive, But Real-World Payments Remain Minimal

According to a new report from McKinsey and Artemis Analytics, stablecoins moved a staggering $35 trillion across blockchains last year. However, only $380 billion of that volume represented actual payments, such as supplier payments, remittances, or wage transfers, making up just 1% of the total.

Comparison of Real-World Payment Volume to Global Payments

Data shows that stablecoins used for real-world transactions account for just 0.02% of global payments. McKinsey estimates that the total global payment volume exceeds $20 trillion annually, highlighting how minimal stablecoin adoption remains in mainstream use.

The Potential and Challenges of Stablecoins Going Forward

While stablecoin transaction volumes are impressive, their application in everyday payments still faces hurdles. Future growth will depend not only on technological advancements but also on supportive policies and regulatory frameworks.