Stablecoins Are the Real Crypto Now

CoinMetrics just published an analysis of the stablecoin sector. According to their data, stablecoins now account for around 70% of all transaction volume on blockchains. Bitcoin, by comparison, makes up only about 10%.

Sure, not all Bitcoin is moved on-chain - there's also the Lightning Network. But let’s not forget: not all on-chain volume actually reflects real transfers either. In Bitcoin transactions, the change is always counted as part of the volume, even though it just goes back to the sender.

Back in 2022, when crypto companies were collapsing left and right, Bitcoin maxis used to say: “Bitcoin isn’t crypto.” Today, we can confidently flip that around: “Crypto isn’t Bitcoin.”

In practice, crypto is - and has long been - mostly stablecoins. They’re no longer just a gateway to crypto or a bridge between crypto and fiat. For most people, stablecoins are crypto.

Naturally, you can swap any major stablecoin at rabbit.io. Anytime, any amount.