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Stablecoin Crypto Often Used for Transactions in Developing Countries, Including Indonesia
Users of Tether (USDT), the largest stablecoin by market cap and anecdotally the most popular stablecoin in developing regions, say they use the token because of its network effects, user trust, liquidity and track record compared to other stablecoins.
Most respondents named Ethereum (ETH) as their preferred blockchain rail for stablecoin transactions, followed by Binance Smart Chain (BNB), Solana (SOL), and Tron (TRX).
“We felt there was a lack of data on how people were actually using stablecoins around the world, especially in emerging markets,” Nic Carter, general partner at Castle Island, was quoted as saying.
“What we found validates our beliefs about stablecoins: Stablecoins are being used not just for crypto trading, but increasingly in people’s everyday economic lives,” Carter noted in a post on X.
Stablecoin Crypto Often Used for Transactions in Developing Countries, Including Indonesia
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