Stablecoin Velocity Doubles Over Two Years, Reports Major UK Bank

Focusing on the 'Velocity' in Stablecoin Growth

On the 31st, Standard Chartered Bank released a new report stating that the velocity of stablecoins has doubled over the past two years. The average monthly turnover rate of tokens has reached about six times, significantly exceeding the pace set by the bank's long-term forecasts, as reported by The Block and others.

Jeffrey Kendrick, head of the Digital Assets Research Division at Standard Chartered Bank, stated that the circulation spe...