"Stablecoins have effectively become the operational dollar inside crypto markets, handling settlement, liquidity, and pricing across nearly every major trading pair. Fiat token pairs such as BTC/USDT and ETH/USDC offer deeper liquidity, tighter spreads, and round-the-clock access without the friction tied to traditional banking hours or settlement delays."
"In regions dealing with capital controls or limited banking infrastructure, stablecoins function as a parallel dollar rail for remittances, payroll, and everyday transactions. Volume metrics reflect that global pull, with USD-backed stablecoins processing hundreds of billions of dollars in daily spot volume."
"Tether's USDT continues to command the lion's share of trading activity, often exceeding 80% of stablecoin-driven volume, while USDC maintains a smaller but still significant footprint. Regulatory developments have played a role in reinforcing the trend."
Stablecoins have become the primary currency in crypto markets, accounting for over 80% of USD spot trading. In contrast, fiat USD pairs now represent only 16.97% of total volume on centralized exchanges. This shift reflects a move towards deeper liquidity and accessibility, especially in regions with banking limitations. Tether's USDT leads the market, capturing over 80% of stablecoin trading activity. Regulatory changes in the U.S. have further supported this trend, encouraging stablecoin usage for transactions and remittances.
Read at news.bitcoin.com
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