What Are Stablecoins Used for Today? Estimating the Distribution of Stablecoins

Franklin Noll ()

Payments System Research Briefing, 2026, 5

Abstract: Uncovering where stablecoins are held and how they are used in the financial ecosystem provides three key insights: stablecoins are rarely used for payments, stablecoin infrastructure lacks interoperability, and the stablecoin ecosystem is still predominantly tied to crypto finance.

Keywords: stablecoins; cryptocurrency; payments; banking and finance (search for similar items in EconPapers)
Date: 2026
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