The Interchange: It's becoming 'blindingly obvious' stablecoins are a global emerging payment innovation

If you're feeling uninspired by the summer of curve-y yams and food emoji coins that continue to defy even the most 'degenerate' traders among us (their words, not mine), perhaps it's worth taking a look at what is currently happening within the stablecoin market.

In August, the aggregate supply of stablecoins passed $16 billion (up from a base of effectively zero within two years' time), while stablecoin transaction volume on blockchains surpassed more than $114B in the month of August alone — a 4th consecutive monthly all-time high, and more than five times the average monthly volume in 2019.