Number of salaries paid in crypto tripled in 2024, with lion's share in USDC: Report
Main Idea
The number of salaries paid in cryptocurrency tripled in 2024, with Circle’s USDC accounting for 63% of crypto payrolls, reflecting a shift toward blockchain-native payroll systems.
Key Points
1. Circle’s USDC led crypto payrolls with 63% of payments, despite Tether’s USDt being the most traded stablecoin globally.
2. USDC and USDt combined accounted for over 90% of reported crypto payouts.
3. The total market capitalization of all stablecoins was $268.6 billion at the time of the report.
4. Nearly 88% of vesting schedules in the blockchain industry are now set to four years, up from 64% the previous year.
5. Professionals with a bachelor’s degree in the blockchain industry earned an average salary of $286,039, higher than those with advanced degrees.
Description
Circle’s USDC accounted for 63% of salaries paid in crypto in 2024, outpacing USDt despite its trading dominance, according to Pantera’s global compensation survey.
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