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Stablecoin Series: The King of Digital Assets is NOT Bitcoin.

Writer's picture: HarveyHarvey

Updated: Jan 20


The KING of digital assets is NOT Bitcoin. The KING is named of stablecoins.


Stablecoin had a remarkable 2024 that captured the spotlight of media, regulators, and financial institutions alike. Consider this: with $100M profit per employee and market metrics growing at an astonishing pace—56% in market size, 50% in transaction volume, and 60% in active wallet numbers—stablecoins have redefined the digital asset landscape.


Global digital asset adoption data, based on Chainalysis’ numbers, further underscores this dominance, revealing stablecoins as the #1 digital asset category by value transacted across exchanges, commanding 46% of the share—outperforming even Bitcoin.


As the stablecoin ecosystem gains momentum, the entry of major players like PayPal, Stripe, Visa, and global banking giants such as Société Générale and BBVA is poised to propel this asset category into mainstream commerce and financial transactions.


To kickstart the year, I’m launching a comprehensive four-part series on stablecoins. This series will provide a robust framework for understanding the critical dimensions shaping this monumental market as it advances into the global spotlight.


We’ll explore the following four lenses to uncover growth drivers and adoption trends:


1. Geographies – Examining regional dynamics and growth hotspots.

2. Currencies – Understanding how different currencies influence growth trajectories.

3. Regulations – Breaking down regulatory frameworks across jurisdictions.

4. Use Cases – Analyzing the potential of diverse applications across industries.


We’ll begin this series by diving into the 20 most significant digital asset markets worldwide to draw out common adoption trends. Together, we’ll unpack the user behaviors, challenges, and opportunities shaping stablecoins in these regions.


2024 Global Digital Assets Usage 


Between 2023 July and 2024 Jun, global digital asset adoption hit $3.7T in value received according to Chanalysis. Stablecoin made up the biggest share of this number at 46% or $1.7T. Below is a detailed breakdown of digital asset adoption volume per country with granular stablecoin data where possible.



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