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stablecoin payments up 77.5% while the rest of crypto shrank 37%. the chainalysis numbers basically confirm the rails people actually want are the boring ones
exactly, nobody pays remittances in memecoins. usdt and usdc settled more real value last year than most l1s combined
boring rails win every time. visa did not get huge by being interesting, it got huge by never breaking. stablecoins are that same race running ten times faster
Payments are the one metric that survived every winter. Trading volume collapses and stablecoin transfer volume climbs anyway, that tells you where real usage lives.
^ this. and remittance corridors are where it actually shows up. my family in manila gets usdc faster than a bank wire clears
77.5 percent up while everything else shrank 37. the adoption chart and the price chart stopped correlating years ago, people just now noticing
Growth in payments volume means nothing if it is arbitrage bots churning stablecoins between venues. Chainalysis cannot fully separate that from real merchant adoption. Skeptical until I see settlement data.
fair point on bot churn, but remittance corridors dont arb. usdt flowing through manila and lagos every day is not a market making loop, thats just people getting paid
77.5 percent growth in stablecoin payments while everything else shrank 37. the adoption chart and the price chart stopped telling the same story a while ago
people still dismiss stablecoins as fake crypto while they carry basically all the settlement volume. the chainalysis numbers keep proving that every quarter
payments up 77.5 while everything else shrank 37. at some point you admit the asset class and the rails divorced and only one of them pays rent
translation: speculation cooled, payments kept growing. bear market for prices, bull market for actual usage