Stablecoin Payments Increased by 70% with the U.S. Regulation

Stablecoin Usage in the U.S. is Rapidly Increasing

The use of stablecoin in the U.S. has experienced a significant surge following the implementation of new regulations that took effect in July. According to data provided by Artemis, the volume of stablecoin used for goods, services, and money transfers reached 10 billion dollars in August, well above the 6 billion dollars recorded in February. This 70% increase could lead the total volume of stablecoin transactions to reach 122 billion dollars if the pace continues throughout the year.

Stablecoin Market Regulated with the Genius Act

This growth has emerged as a result of the "Genius Act" law signed by U.S. President Donald Trump on July 18. This law requires institutions issuing cryptocurrencies to back their digital currencies with liquid assets such as Treasury bonds. Thus, the stable cryptocurrency market has been regulated for the first time at the federal level.

Significant Increase in Inter-Company Payments

The use of stablecoin represents the largest share, particularly in inter-company payments. These transactions constitute approximately two-thirds of the total stablecoin usage volume, with a monthly volume of 6.4 billion dollars. Compared to February, this represents a 113% increase.

Interestingly, inter-company payments have even surpassed individual transactions. The average payment made by a company is around 250 thousand dollars. Data scientist Andrew Van Aken indicates that businesses prefer cryptocurrencies to avoid the complex transfer processes between international banks.

Banks Increasing Interest in Stablecoin

This trend has begun to attract the attention of the banking sector. The joint platform of major U.S. banks, Zelle, plans to expand its service network by utilizing stablecoin technology for international money transfers. However, stable cryptocurrency transactions still account for a small share compared to traditional payment systems; the new regulation has demonstrated that the growth momentum in digital payments increases the long-term potential in this area.