Bots Dominate 90% of Stablecoin Transactions

Krutika Adani

A study by Visa claims that stablecoin markets are mostly bots which comprise up to 90% of the traffic.

The actual market volume as per the study is around $150-$160 million.

However, the report validates that Tether and Circle lead the markets.

Despite all this, the study reveals that the Stablecoin market is growing.

For quite a long time, Visa has been deemed a competitor of blockchains and cryptocurrencies, the latter being more efficient.