Stablecoins gain ground for paychecks and daily spending: BVNK report

A new report by crypto payments firm BVNK reveals a significant shift in the utility of stablecoins, as they transition from speculative trading assets to practical tools for everyday financial activities. According to the study, an increasing number of businesses and employees are opting for stablecoins to handle monthly paychecks and daily expenditures. The report highlights that the stability offered by assets pegged to fiat currencies, such as USDT and USDC, provides a reliable alternative to traditional banking systems, particularly in cross-border transactions where speed and cost-efficiency are paramount. BVNK’s data suggests that the demand for instant settlements and 24/7 availability is driving global adoption, especially in emerging markets where local currencies may experience high volatility. As regulatory frameworks continue to evolve, the integration of stablecoins into mainstream payroll systems and retail payment gateways is expected to accelerate, marking a new era for digital finance.

Source: Stablecoins gain ground for paychecks and daily spending: BVNK report