POPA ReconStablecoins are going local
Stablecoins are going local Stablecoin volumes hit ~$4.5T in Q1 2026 (boosted by the US GENIUS Act and Europe's MiCA), each dollar is being used 2x more often than in 2024, and consumer-to-business spending more than doubled year-over-year Also, stablecoins are going local, not cross-border. Intra-country transfers now make up ~75% of payment volume, Brazilian real and euro-backed coins are taking off, and Asia (Singapore, Hong Kong, Japan) drives nearly two-thirds of activity https://a16zcrypto.substack.com/p/stablecoins-are-going-local
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