Stablecoin Use for Payments Jumps 70% Since US Regulation

Consumers and businesses are using stablecoins - digital tokens pegged to the dollar - to make real-world purchases and payments at an accelerating pace since the July passage of the first US legislation to regulate that niche of the cryptocurrency sector.

Over $10 billion was moved through stablecoins in August for goods, services, and transfers, up from $6 billion in February and more than double the volume from August 2024, according to a report from Artemis, a blockchain data provider. At this pace, stablecoin payments could reach $122 billion over a full year, Artemis researchers said.

This growth follows President ...