Oobit data shows crypto moving from investment to everyday spending
The regulatory framework for crypto assets in the United States is beginning to take shape, with the GENIUS Act establishing a framework for stablecoin operations.Meanwhile, the CLARITY Act, which seeks to define whether digital assets fall under securities or commodities regulation, continues to m…
➤ Oobit data indicates a significant shift in cryptocurrency usage in the US, moving from investment to everyday spending, with restaurants, gas stations, and grocery stores accounting for over half of transactions. ➤ Stablecoins, particularly USDT and USDC, dominate payment volume, while Bitcoin, XRP, and Ethereum are primarily used for account deposits, suggesting a dual-use case for crypto. ➤ The trend of crypto being used for daily purchases is also emerging in Latin America, driven by infrastructure development rather than solely regulatory advancements, contrasting with earlier European adoption patterns.

















