PANews reported on October 20 that a new report titled "The Always-On Dollar," jointly released by Coinbase and The Block Pro Research, shows that in the third quarter of this year, native stablecoin transfer transactions averaged over $400 million per hour. Over the 12 months ending July 31, approximately 73% of monitored stablecoin transfers occurred outside Bank of America's business hours. Adjusted quarterly stablecoin transfer volume has quadrupled since early 2023, reaching $891 billion in the third quarter; at the current growth rate, it is projected to hit $1.5 trillion by the end of 2027. Additionally, sending a $200 remittance via the Base network using USDC saves about 86% in fees compared to traditional channels.
Coinbase report: In the third quarter, stablecoins averaged over $400 million in hourly transfers, with 73% of transactions occurring outside Bank of America's business hours.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to EleBank. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.