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According to Cointelegraph, Chainalysis stated in its latest report on North American cryptocurrency adoption trends that the adoption rate of stablecoins in the United States will slow down in 2024 compared to the global market. This year, there has been a significant shift in stablecoin activity in the US market, with stablecoin trading shares on US regulated trading platforms dropping from around 50% in 2023 to below 40% in 2024. In contrast, the share of stablecoin trading on non US regulatory platforms has grown significantly since 2023 and is expected to exceed 60%. Chainalysis emphasizes that this shift does not necessarily indicate a sharp decline in stablecoin activity in the United States, but rather reflects the rapidly expanding role of stablecoins in emerging markets and non US jurisdictions. Chainalysis states that as more and more countries develop regulatory frameworks that encourage the adoption of stablecoins, US policymakers are facing increasing pressure to take action. @seunsu
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