Visa Unveils Analytics Dashboard for Stablecoins 'Stripped of Noise'

IconCrypto News Terminal25 Apr, 2024

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Visa Unveils Analytics Dashboard for Stablecoins 'Stripped of Noise'

Visa has launched an online analytics dashboard dedicated to providing insights into the performance of "denoised" stablecoins. Stablecoins, a type of cryptocurrency pegged to a fiat currency like the US dollar, have gained significant traction in recent years due to their price stability. However, their data can be noisy due to various use cases and activities. To address this, Visa has implemented filters to remove bot activities, resulting in a more accurate representation of stablecoin performance. The dashboard displays key metrics such as supply, transaction volume, and monthly active users for popular stablecoins like USDC, USDT, PYUSD, and USDP across multiple layer-1 and layer-2 blockchains. By providing this data, Visa aims to enhance transparency and empower users with a deeper understanding of the stablecoin landscape. Previously on 25 April 2024, Visa announced the launch of an online analytics dashboard for 'denoised' stablecoins.

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