I was recently invited to join a panel on tokenization at a Magic Circle law firm. One of the questions asked by the host was “ Was there a widely used tokenization use case?”
The answer seemed so obvious to me, so I asked “Do you know what is the biggest and the most successful use case of tokenization so far?”
After a while of silence, I replied myself, “It’s tokenized cash or stablecoins.”
I tried to give people a sense of its usage and traction but due to time constraints I was not able to dive into details.
So here for the weekly newsletter audience, I want to take a deep dive into the numbers, context and, most importantly, the size of opportunities the current stablecoin usage trajectory signals.
Here are the top line usage numbers:
We will look at these data and more through 3 lenses:
Demand growth and composition
Use cases by numbers
Center of activities
Let’s dig in.