According to Cointelegraph, Coinbase reports that transfers using stablecoins have increased significantly in recent activity. The company notes that overall stablecoin market capitalization has remained largely unchanged over the past year. Recent data indicate that stablecoin transfers have quadrupled in volume compared to earlier periods. A large portion of this increased activity occurs outside regular banking hours. Banks and businesses are adopting stablecoin transfers at a growing rate, according to Coinbase’s findings. The report highlights expansion by US banks in using stablecoins for transfer purposes while the broader market capitalization of stablecoins shows no major change year-over-year. No specific timelines, percentages beyond “quadruple,” or additional metrics are included in the source details provided.
