More Than 90% of Stablecoin Transactions Aren't Real, Study Finds

Originally published in Bloomberg on May 5, 2024.

Bloomberg reports on a study finding that the large majority of stablecoin transaction volume is not driven by genuine user activity, with bots and automated flows accounting for most of the headline figures. The piece underscores why "organic" or user-adjusted volume metrics matter when assessing real-world stablecoin adoption.

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