--- image: "/images/notes/how-stablecoins-are-actually-used.jpg" title: "How Stablecoins Are Actually Being Used" date: 2025-12-19 url: "https://x.com/ccatalini/status/2002053139961442432" tags: ['stablecoins-payments'] deck: "Volume has doubled year-over-year, but it isn't retail — it's B2B settlement and internal transfers: what banks and traditional rails do, but 24/7, faster, and cheaper." tweetCount: 3 likes: 138 reposts: 12 --- How are stablecoins actually being used? New research by [@lightspark](https://x.com/lightspark) and [@artemis](https://x.com/artemis) unpacks the data. Volume has doubled year-over-year, but it’s not driven by retail adoption... It’s mostly B2B settlement and internal transfers. People often ask what the utility of crypto is, and the answer provided by the market so far is doing the things that banks and traditional rails do, but 24/7, faster, and cheaper. The killer app is simply better settlement. Full report: [artemisanalytics.com](https://www.artemisanalytics.com/resources/an-empirical-analysis-of-stablecoin-payment-usage-on-ethereum)