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Stablecoin payments: what does the evidence show?

A challenge to claims that stablecoins cannot serve as payments at scale. Professor Naqvi asks for evidence and cites market and on-chain activity figures in support of his argument.

Professor Dr Naseem Naqvi MBE
· 1 min read

Original post · LinkedIn

I disagree. Why are stablecoins not a credible means of payment at scale? What evidence supports that claim?

Fiat-backed stablecoins are a ~$300bn market. On-chain transfers have already exceeded $250bn in a single day this year and $41.7tn year-to-date. USDC alone reported more than $14tn of on-chain volume in Q2 2026 alone.

The British Blockchain Association

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