Briefing
What Are Stablecoins Used for Today? Estimating the Distribution of Stablecoins
Abstract: Uncovering where stablecoins are held and how they are used in the financial ecosystem provides three key insights: stablecoins are rarely used for payments, stablecoin infrastructure lacks interoperability, and the stablecoin ecosystem is still predominantly tied to crypto finance.
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https://www.kansascityfed.org/research/payments-system-research-briefings/what-are-stablecoins-used-for-today-estimating-the-distribution-of-stablecoins/
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Provider: Federal Reserve Bank of Kansas City
Part of Series: Payments System Research Briefing
Publication Date: 2026-04-10
Pages: 5