What's Happening?
Orbital's 'Stablecoins Retail Payments Index' reveals that Binance Smart Chain has become the leading blockchain for retail-sized transaction volumes, accounting for 45% of such payments. The index highlights the role of stablecoins in retail payments, particularly for cross-border transactions where speed and cost are critical.
Why It's Important?
The rise of Binance Smart Chain in retail stablecoin payments indicates a shift in consumer payment behavior towards lower-cost networks. The index provides insights into the growing adoption of stablecoins for everyday transactions, which could reshape the payments landscape. The findings highlight the potential of stablecoins to complement traditional payment methods.
