According to the latest survey by Pantera Capital, crypto-based salary payments have tripled over the past year, with USDC leading in adoption due to high demand for stable digital payroll.
USDC Captures 63% of Crypto Payroll Market
A Pantera Capital survey shows that USDC has seen a threefold rise in use for payroll due to worker demand, accounting for 63% of crypto salaries. Companies like Circle and Bitwage have facilitated this growth by enabling stablecoin payouts for global workforces.
Fintech Adoption Spurs USDC Payroll Growth
USDC's growth has reshaped payroll practices worldwide, with major fintechs and enterprises extensively adopting stablecoins for compliance. The surge in cryptographic payrolls considerably impacts financial planning for global firms, enhancing liquidity in crypto markets and promoting mainstream adoption.
Shift from Volatile BTC/ETH to Stablecoins
Previously, BTC and ETH dominated crypto payroll, but their volatility shifted demand to stablecoins such as USDC and USDT. Experts suggest this shift toward USDC will likely persist, with projections indicating continued growth due to its perceived stability and acceptance.
Thus, USDC continues to solidify its position in the cryptocurrency salary market, which may lead to significant changes in traditional payment systems in the future.
