Chainalysis CEO: Two-thirds of the transaction volume on the blockchain comes from stablecoins

ChainCatcher news, according to CoinDesk, Chainalysis CEO Michael Gronager stated in an interview that stablecoins will drive institutional adoption in Asia, although regulators are not pleased with this. Despite the high cryptocurrency adoption rate among Asian users, the United States remains the most influential region in the crypto industry.

Gronager pointed out that two-thirds of the transaction volume on the blockchain comes from stablecoin transactions. Additionally, he believes that the upcoming U.S. presidential election will have little impact on the crypto industry, and whether Trump or Kamala Harris wins, the situation will not change significantly.