Paybis data shows settlement volume up 163% as USDC becomes the leading settlement stablecoin - markets.businessinsider.com

Paybis data indicates that settlement volume rose 163%, with USDC emerging as the leading stablecoin used for settlement, according to markets.businessinsider.com. The figures point to a shift in how market participants are choosing to move value, with USDC taking a more prominent role in settlement activity.

Stablecoins are typically used to transfer value between venues without exposure to price swings in assets like bitcoin or ether. A rise in settlement volume can reflect growing operational use of stablecoins rather than speculative trading, though the data alone does not establish the drivers. The 163% increase is a measure of activity, not a statement about prices or the health of any particular issuer.

What to watch: whether the elevated settlement volume persists over subsequent reporting periods, and whether USDC's lead holds as other stablecoins compete for the same role. Readers should note that Paybis is a crypto exchange, so its data reflects activity on its platform and may not represent the broader market. Monitoring independent sources and regulatory developments around stablecoin reserves and redemption will help put these figures in context.