• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: World Liberty Financial Accuses Exchange Of Token Manipulation, Justin Sun Blacklisted
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: World Liberty Financial Accuses Exchange Of Token Manipulation, Justin Sun Blacklisted
Stablecoins

Global Adoption Of Stablecoins Leaves US In The Dust—Report

Christian Encila
by Christian Encila
10 months ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The US-based consumers’ adoption of stablecoins is facing a slowdown in 2024 even when there is increasing activity in Bitcoin that rose in popularity following the launch of the spot Bitcoin exchange-traded funds.

Related Reading: Survey: Trump Leads Harris By 18%, But His Token Project Tells A Different Story

The graph below shows a decline in transactions by US-regulated platforms in just under a year. This can be attributed to the growing problem of US-based stablecoins in terms of regulation and adoption within the country.

This indicates that the stablecoins of emerging markets with bases outside the US are experiencing higher implementation. As stablecoins see increased use globally, this type of digital asset is being used to carry value and conduct cheap transactions in every nook and corner of the world.

Share of stablecoin inflows to exchanges regulated in the United States and those not regulated in the US. Source: Chainalysis

Global Demand For US Dollar-Backed Assets

As countries aim for a more stable asset base, usually in the form of the dollar, stablecoins will help enhance global financial inclusion, especially in areas where there are few, if any, stable currencies. Such a need for reliable and well preserved assets will fuel the use of stablecoins.

As of today, the market cap of cryptocurrencies stood at $2.26 trillion. Chart: TradingView.com

As 2022 ended, It was observed about $1 trillion in US dollars had been found abroad, which approximately equals to about half of the entire US dollar supply which just further emphasizes how stablecoins are increasingly replacing dollar cash in markets where local currencies are prone to volatility.

Image: Built In

The results align with the words of Paolo Ardoino, the Tether CEO, who recently stated that stablecoin demand mainly comes from developing countries like Argentina, Turkey, and Vietnam. In such regions, people seek stablecoins for protection against inflation and currency erosion and, hence, are increasingly applying them as financial instruments for everyday operations and deposit purposes.

Related Reading: Crypto Scandal Erupts: Ex-Philippine Mayor Implicated In $30 Million Fraud And Laundering

Stablecoins: Regulatory Challenges And The US Position

The lack of an appropriate framework for digital assets puts the United States at a competitive disadvantage; financial hubs in Europe and the United Arab Emirates attract stablecoin projects because of much friendlier regulatory environments. According to Chainalysis, it has been pointed out by companies like Circle that the lack of a US regulatory framework for stablecoins could present a threat to American interests.

More countries are coming forward to set clear guidelines that encourage the use of stablecoins and the US isn’t left behind in the call to action; Chainalysis deems it to be this gap in regulation that will likely ensure the country remains competitive within the emerging digital asset landscape, providing the catalyst on innovation within the stablecoin market.

Featured image from Pexels, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

trump ethereum eth ethusd (1)

Trump’s Bet Pays Off as Family Crypto Fortune Soars Past $5B

9 minutes ago
BingX Launches WLFI Listing Carnival with 900K Token Reward Bonanza

BingX Launches WLFI Listing Carnival with 900K Token Reward Bonanza

12 hours ago
MemeCore Explodes 244% In Weekly Gains, Sparks Hunt for Next 1000x Altcoins

MemeCore Explodes 244% In Weekly Gains, Sparks Hunt for Next 1000x Altcoins

11 hours ago
$HYPER Predicted to Jump 2390% Viral Presale Nears $14M

$HYPER Predicted to Jump 2390% Viral Presale Nears $14M

15 hours ago
Best Cryptos to Buy as ChatGPT Predicts $400 Solana By Year's End

Best Cryptos to Buy as ChatGPT Predicts $400 Solana By Year’s End

15 hours ago
crypto news

Global Crypto Adoption 2025: Chainalysis Reveals Which Countries Are Winning

17 hours ago

Premium Sponsors

Press Releases

  • miner

    ADA’s path to long-term success: Integrating with...

    8 hours ago
  • Bitget and Bitget Wallet Support Trading of Over 100...

    11 hours ago
  • miner

    XRP Price From a High of $3.65 to a Low of $2.72: How GMO...

    13 hours ago
  • miner

    7 Trending Crypto Mining Apps This Year That Give Free...

    15 hours ago
  • mining

    6 Most Reliable Crypto Mining Software to Help Miners...

    16 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.