Ray Youssef says retail stablecoin transfers under $250 reached $5.84B in August. He adds Ethereum-based stablecoins total $165B.
Ray Youssef, CEO of NoOnes, says stablecoins have “cemented themselves as the backbone of digital money.”
He reports retail transfers under $250 reached $5.84B in August, and he frames that statistic as proof that stablecoins now serve everyday payments and remittances in several emerging economies, including Nigeria, India, and Bangladesh.
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Record Retail Activity And On-Chain Supply
Youssef places the $5.84B figure at the center of his argument, calling August’s sub-$250 transfers proof of retail demand.
He also notes that stablecoins on Ethereum rose to $165B in circulation, which he interprets as expanding on-chain liquidity. He emphasizes both metrics as direct evidence that major rails carry real transaction volume.
Youssef adds that the total stablecoin market has swelled toward $300B, a scale he says validates stablecoins as a widely used payment layer rather than a niche trading tool. He cites on-chain data and issuer reports as sources.
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Everyday Use: Remittances, Microtransactions, Payroll
Youssef frames adoption as practical, not speculative. He highlights users in Nigeria, India, and Bangladesh who use stablecoins for remittances, payroll, and merchant receipts, saying necessity and fast low-cost transfers explain the shift.
He cites microtransactions and salary payments as everyday examples.
To support that claim he points to survey snapshots showing high uptake, including reports that 70% of respondents in emerging markets increased stablecoin use and over 75% expect further growth, figures he uses to illustrate real consumer behavior.
He ties these numbers directly to real-world payment substitution today.
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Issuer Liquidity And Institutional Backing
Youssef points to issuer actions as additional evidence. He cites liquidity injections from major issuers such as Tether and notes Tether allocated part of its holdings into Bitcoin and other assets.
He frames those moves as increasing confidence in stablecoin liquidity and linking stablecoins to broader institutional flows, a point he uses to explain growing market trust in recent months.
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Conclusion
Youssef’s conclusion is direct. Given $5.84B retail transfers, $165B on-chain supply, and issuer liquidity moves, he says stablecoins are scaling adoption and on track to mainstream payment use by 2026.
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