There is a significant increase in the number of professionals in the crypto industry receiving salaries in cryptocurrency. According to Pantera Capital, this figure has tripled in 2024.
Growth in Cryptocurrency Salaries
According to Pantera Capital's report, 9.6% of crypto industry professionals were paid in digital assets in 2024, a notable increase from 3% in 2023. The findings are based on over 1,600 responses from individuals across 77 countries.
USDC Dominance in Payrolls
USDC has emerged as the preferred option for crypto payments, accounting for 63% of all crypto payrolls. This is despite USDT being the largest stablecoin by market cap. Together, USDT and USDC made up over 90% of reported payments.
Enterprise Adoption of USDC
The preference for USDC may be linked to Circle's aggressive push for institutional payments and financial infrastructure. Circle has partnered with Intercontinental Exchange to integrate USDC in global derivatives markets and has initiated the process for a federal trust bank charter with the US Office of the Comptroller of the Currency.
The rise in cryptocurrency salaries and preference for USDC highlights the token's significant influence on the industry, as well as trends toward institutional adoption of digital assets.
