Viewpoint: Stablecoins become global assets, with the United States leading the purchase

According to CryptoPotato, while Bitcoin and other major cryptocurrencies have received a lot of attention, stablecoins have also surpassed other asset types in terms of usage, accounting for more than half of the trading volume in recent months. Chainalysis' latest data shows that stablecoins are becoming a truly global asset. Chainalysis's 2024 Cryptocurrency Spring Report shows that global demand for stablecoins has grown significantly. The United States leads in purchases, while also seeing increased contributions from different countries and regions, exceeding $30 billion in January 2024 alone. Despite strong representation in the United States and the European Union, emerging markets such as Thailand, Brazil and especially Turkey stand out in terms of stablecoin purchases as a percentage of GDP. This international interest essentially highlights the growing reliance on stablecoins such as USDT in various regions, especially countries such as Turkey and Georgia where local currencies fluctuate and depreciate. Chainalysis also found that transfer activity during the recent market surge has exceeded previous highs observed in 2020 and later in 2021. This shows that the activity of this market cycle has increased significantly compared to the last bull market, and this accelerated growth rate compared to past cycles may indicate increased market confidence.