Stablecoins become ‘global macroeconomic force’ as transactions reach $46T: Report
A report by Andreessen Horowitz indicates stablecoin transactions hit $46 trillion, establishing them as a global macroeconomic force.Summary
According to Andreessen Horowitz's (a16z) latest State of Crypto report, stablecoins are evolving into a "global macroeconomic force," driven by institutional adoption and technological improvements in blockchain infrastructure, which now supports over 100-fold increases in transaction throughput over five years. Stablecoin transactions reached $46 trillion on an unadjusted basis over the past year, up from $9 trillion the previous year, demonstrating their shift from settling speculative trades to becoming the fastest and cheapest way to send a dollar globally. This growth is further supported by regulatory clarity, such as the US GENIUS Act. Furthermore, stablecoins now represent over 1% of all US dollars on public blockchains and hold more than $150 billion in US Treasurys, positioning them as the 17th-largest holder of US government debt, with Tether accounting for a significant portion of this exposure.
(Source：Cointelegraph)