Analysis: Last year, stablecoin transactions reached $35 trillion, but only 1% was used for "real-world" payments.

According to a report by CoinDesk, citing a recent report from McKinsey and Artemis Analytics, stablecoins transferred over $35 trillion on the blockchain last year, but only about 1% of that was used for real-world payments. Their analysis estimates that only $380 billion in activity reflected actual payments, such as payments to suppliers, remittances, or payroll. This represents only a small fraction of total global payments, approximately 0.02%, while McKinsey estimates that total global payments exceed $20 trillion annually.