Goldman Sachs: 66% of stablecoin supply held by individuals in emerging markets
- —66% of stablecoin supply (~$290B) is held by individuals in emerging markets
- —Cross-border stablecoin transfers rose 77.5% to $220.3B over the year
- —Average cross-border transfer size was about $3,000
- —About 88% of stablecoin volume flows into other crypto assets; retail payments ~0.5%
Why it matters: The data shows stablecoin demand is driven by emerging markets rather than retail payments, shaping how their real-world use is valued.
Source: TokenPost