Stablecoin Adoption Slows In The US As Global Markets Surge

According to PANews, a recent report by Chainalysis highlights a notable shift in stablecoin adoption trends in North America. The report indicates that the pace of stablecoin adoption in the United States has slowed in 2024 compared to the global market. This year, the U.S. market has experienced significant changes in stablecoin activity, with the share of stablecoin transactions on U.S.-regulated exchanges dropping from around 50% in 2023 to below 40% in 2024. In contrast, the share of stablecoin transactions on non-U.S. regulated platforms has seen a substantial increase, surpassing 60% by 2024. Chainalysis emphasizes that this shift does not necessarily indicate a sharp decline in U.S. stablecoin activity but rather reflects the rapid expansion of stablecoin usage in emerging markets and non-U.S. jurisdictions. The report suggests that as more countries establish regulatory frameworks encouraging stablecoin adoption, U.S. policymakers are under increasing pressure to take action.