USDC Dominates Crypto Salaries in 2024, Signaling Shift Toward Blockchain Payroll Systems
Main Idea
Circle’s USDC dominates the crypto payroll market in 2024, accounting for 63% of salaries paid in digital assets, signaling a shift toward blockchain and institutional trust in dollar-backed stablecoins.
Key Points
1. USDC leads with 63% of crypto payrolls, while USDt accounts for less than 30%.
2. 88% of token vesting schedules are now set for four years, up from 64% the previous year.
3. 9.6% of crypto professionals now receive their salaries in stablecoins, a significant increase.
4. Circle has partnered with Intercontinental Exchange (ICE) to explore USDC and tokenized fund integration.
5. Circle applied for a federal trust bank charter to provide regulated infrastructure for stablecoin payments and custody.
Description
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