Crypto Scenario Insights
What happened
Dollar-backed stablecoins, primarily USDC and USDT, have captured 84% of crypto card spending, reversing a trend previously dominated by euro tokens.
What we think
The most likely scenario is a neutral market reaction, with a 65% probability, as the reported shift in crypto card spending towards USDC and USDT primarily reflects evolving stablecoin utility and market preference rath…
Read the analysis
Stablecoins Dominate Crypto Card Spend: A Shift in Utility, Not a Capital Inflow Catalyst?
We explain what happened and what could follow. We do not forecast prices.