The Era of Uncertainty: Stablecoins

How Stablecoin’s Crash Will Shape Crypto’s Path

Report by Grace Broadbent  | Jun 29, 2022
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Table of Contents
Executive Summary
Economic Instability Is Rattling the Stablecoin Market
With Regulation on the Horizon, What Changes Are in Store for Crypto?
How Crypto Players Can Stay Competitive Through Disruption
Read Next
Sources
Media Gallery
About This Report
A recent crypto market implosion has magnified the volatility risk of stablecoin—an asset named for stability. Payment incumbents must weigh the crash’s implications and closely watch regulatory advances as they plan for short- and long-term crypto payments growth.
Topics
Payments
Financial Services
United States
Table of Contents
Executive Summary
Economic Instability Is Rattling the Stablecoin Market
With Regulation on the Horizon, What Changes Are in Store for Crypto?
How Crypto Players Can Stay Competitive Through Disruption
Read Next
Sources
Media Gallery

Executive Summary

The recent stablecoin meltdown amid the larger crypto crash has highlighted the need for regulation—which will help ensure the asset can provide the stability it was once known for. Payment incumbents must weigh the crash’s implications and closely monitor regulatory moves as they plan for short- and long-term crypto payments growth.

Key Question: How will the current stablecoin volatility affect crypto’s path forward?

US Cryptocurrency Payment Users, 2018-2023 (millions, % change, and % of internet users)
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KEY STAT: The number of US crypto payment users will reach 5.5 million in 2023—a jump of more than 350% in just three years. However, growth is being overshadowed by recent market volatility that’s intensifying skepticism among already wary consumers.

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Table of Contents

  1. Executive Summary
  2. Economic Instability Is Rattling the Stablecoin Market
  3. With Regulation on the Horizon, What Changes Are in Store for Crypto?
  1. How Crypto Players Can Stay Competitive Through Disruption
  2. Read Next
  3. Sources
  1. Media Gallery

Charts in This Report

US Cryptocurrency Payment Users, 2018-2023 (millions, % change, and % of internet users)US Active Coinbase Users, 2019-2023 (millions and % change)
US Cryptocurrency Owners, 2019-2023 (millions, % change, and % of population)

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authors

Grace Broadbent

Contributors

Daniel Decea
Researcher, Financial Services
David Morris
Principal Analyst
Jaime Toplin
Senior Analyst