Statistics Show Stablecoin Transactions With Actual Payment Background Account for Less Than 1% of Volume, Majority Are "Wash Trades"

WealthCoffee · 2026-03-17T07:47:45+00:00

The current global development of digital currencies shows obvious differences. The United States supports private stablecoins, while Europe and China are promoting central bank digital currencies. China's digital yuan helps to strengthen monetary control and serve the real economy, whereas American payment giants are actively adopting cryptocurrencies, with a preference for stablecoins to maintain payment stability.

WealthCoffee

2026-03-17 07:47:45

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Caixin Currently, in the global digital currency development process, the United States chooses to support and regulate privately issued stablecoins, while Europe and China opt for central bank digital currencies (CBDCs) as their main development path, launching digital euro and digital yuan projects respectively, and have entered relatively mature pilot or promotion stages.

For China, such a choice, in addition to considering the control and competitiveness of the renminbi as a sovereign currency in the digital age, the stability of the monetary and financial system, and the early advantages of its mobile payment ecosystem and digital yuan technology and applications, also involves whether it can better serve the real economy.

In the past two years, American payment giants have introduced cryptocurrency payment options. Whether it’s traditional card organizations/payment networks like Visa and Mastercard, or fintech payment companies like PayPal, Stripe, and Block, they have all been active in this field. In this process, they often prioritize stablecoins (such as USDT, USDC, etc.) to ensure payment stability and low volatility.

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