On September 12, TheBlock reported that a survey titled "Stablecoins: An Emerging Market Story" conducted by institutions such as venture capital firm Castle Island Ventures, asset management company Brevan Howard, data company Artemis, and Visa Crypto, revealed that stablecoins are no longer solely used for cryptocurrency transactions; their use cases are expanding.

Based on recent data from a survey of nearly 2,500 individuals across five emerging markets, the study shows that approximately $2.62 trillion was settled via stablecoins in the first half of 2024, representing an annualized volume of $5.28 trillion. 57% of respondents reported an increase in stablecoin usage over the past year, and 72% believe this trend will continue.

The survey also found that the most popular non-trading use cases for stablecoins include currency exchange, goods payments, remittances, and paying or receiving wages.