Retail payments account for just 0.1% of US stablecoin transactions

Only 0.1% of all U.S. dollar-pegged stablecoin transactions are used for retail payments, Munhwa Ilbo reported, citing a recent study by the Korea Institute of Finance. According to the report, titled "Trends and Implications of Stablecoin Utilization as a Payment Method," total transaction volume for dollar stablecoins reached $5.42 trillion as of November of last year. However, the vast majority of this activity, $4.21 trillion or 77.6%, was attributed to automated bots. Of the remaining $1.21 trillion in general transactions, retail payments amounted to just $7.5 billion.