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Stablecoins saw record transaction volumes of over $90 billion in 2020’s first quarter

Stablecoins saw record transaction volumes of over $90 billion in 2020’s first quarter

According to research by The Block, in Q1 2020, the transaction volume for stablecoins increased by 8% from the previous quarter and surpassed $90 billion for the first time ever. As a point of reference, the total transactional volume for stablecoins was $250 billion last year, while that for PayPal was $712 billion.