Digital asset acceleration

The re-election of President Trump has triggered renewed optimism in the digital asset industry. This optimism can be seen in the Bitcoin price, which reached an all-time high of USD 81,746 as of the time of writing. Adoption of digital assets has been trending up for a while, but could accelerate, especially if a more lenient regulatory environment materializes. Data from Visa and Dune shows that recently, unique addresses (a proxy for users) in public stablecoin and decentralized finance blockchains reached an estimated 30 million and 18 million, respectively. Stablecoins are tokens issued on blockchain networks designed to maintain a stable value, with a possible application being cross-border transactions. Payments company Stripe acquiring stablecoin developer platform Bridge for USD 1.1 billion is a sign institutional parties see opportunity in the space.

Source: Visa, Allium, Dune, November 2024.