Bitso Business Says Stablecoin Payment Volume Now Runs Above $150B Annualized

Share

Bitso Business says payment flows through its infrastructure have reached an annualized rate above $150 billion, up 83% from $82 billion a year earlier, or more than $410 million per day. The company says more than 2,000 institutional clients use its services, which connect local payment systems with a stablecoin settlement layer that operates continuously. The figure is an operating run rate provided by Bitso, not revenue, assets under custody or a full calendar year of independently audited settlements. Bitso identifies remittances, business-to-business payments and cross-border commerce as key use cases, although the volume growth alone does not show how many people benefited or how much they saved.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items