$5.28 Trillion in Stablecoin Settlements Expected by 2024

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In a recent survey conducted by Visa and Castle Island Ventures, a surge in stablecoin usage in H1 2024 was revealed. With settlement volumes expected to reach $5.28 trillion by year-end, the study reveals the adoption growth of stablecoins in the real world. The practical use cases range from cross-border payments, remittances, payrolls, and trade settlements. Further, 69% of respondents use stablecoins for currency substitution, while 39% use them for goods and servicing payments and another 39% for cross-border payments. Will Ripple’s upcoming Stablecoin, RLUSD, find this report a boost before its launch?