Visa Debunks Stablecoin Data Noise: Unveils Crucial Insights on Crypto Coins

• Visa, a global leader in financial services, has recently launched an Onchain Analytics Dashboard to provide a more accurate reflection of stablecoin activities.
• The dashboard is designed to filter out noise such as bot transactions, offering a genuine snapshot of stablecoin traction.
• Visa’s analysis has uncovered three critical trends that could reshape our understanding of stablecoins’ market role.

Visa’s new Onchain Analytics Dashboard aims to provide a clearer picture of stablecoin activities, filtering out bot transactions and highlighting genuine user transactions. This innovative tool has uncovered key trends that could significantly impact the future role of stablecoins in the crypto market.

Decoding The Noise In Crypto Stablecoin Transactions

The introduction of this dashboard is Visa’s response to the prevalent issue of “misleading data” surrounding stablecoin usage. Despite their growing popularity, distinguishing genuine user transactions from automated bot activities remains challenging. According to Sheffield’s recent insights, the new tool is designed to provide a “clear and accessible” view of the blockchain, focusing initially on stablecoins. By filtering out noise such as bot transactions, which often inflate volume figures, the dashboard offers a “genuine” snapshot of stablecoin traction.

Key Trends Uncovered by Visa’s Dashboard

Visa’s analysis, driven by its innovative dashboard, has uncovered three critical trends that could reshape understanding of stablecoins’ market role. Firstly, the total supply of stablecoins is nearing record highs, approaching $150 billion. This upt... Read the full article for FREE at COINOTAG!