Hundreds of billions of dollars in cross-border cryptocurrency payments flow globally, primarily driven by speculative investment, according to a recent report by the Bank for International Settlements (BIS).
The BIS study, published May 8, found cross-border payments using the two largest cryptocurrencies, Bitcoin (BTC) and Ether (ETH), and the two largest stablecoins, USDT (USDT) and USDC (USDC), totaled approximately $600 billion during the second quarter of 2024, the final observation period covered by the ..
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