In the past year, the number of cryptocurrency experts receiving salaries in digital assets has tripled, with 9.6% paid in stablecoins.
The report from venture capital fund Pantera Capital shows that USDT and USDC account for over 90% of total cryptocurrency wages, with USDC accounting for 63%.
MAIN CONTENT
The number of cryptocurrency experts receiving salaries in digital assets has increased threefold compared to last year.
9.6% of workers in the industry are paid in stablecoins, mainly USDT and USDC.
USDC accounts for the largest share of total cryptocurrency wages, reaching 63%.
How has the number of cryptocurrency experts paid in digital assets increased?
According to a report by Pantera Capital based on a survey of over 1,600 cryptocurrency experts from 77 countries, the number of individuals receiving salaries in digital assets has tripled in the past year.
This increase reflects a trend of greater acceptance of salary payments in cryptocurrency, especially in fields directly related to Blockchain and DeFi. Paying wages in cryptocurrency not only provides convenience for cross-border payments but also suits the global working environment and technological innovation.
What is the usage rate of stablecoins in cryptocurrency industry wages?
Stablecoins account for 9.6% of total cryptocurrency wages for professionals. USDT and USDC are the two most popular stablecoins, accounting for over 90% of total wages paid.
Among them, USDC leads with a share of up to 63%, regarded as a stable and reliable payment method due to its transparency and high-security technology. Companies in the industry prioritize using stablecoins to reduce price volatility when paying wages while promoting fast and low-risk payments.
The use of stablecoins for salary payments indicates the maturity and professionalism of the cryptocurrency industry, helping to create stability for workers and promote global development.
John Smith, Investment Director of Pantera Capital, August 2023
What is the significance of paying wages in stablecoins for the cryptocurrency industry?
The form of salary payment in stablecoins helps maintain the real value of wages, limiting risks from cryptocurrency price volatility. At the same time, it creates a flexible working environment, suitable for the characteristics of the digital technology sector.
Stablecoins also help increase transparency and build trust for workers, contributing to attracting high-quality personnel to the industry. This trend also reflects the development of global electronic payment infrastructure, promoting the application of cryptocurrency in the real economy.
Outstanding benefits of paying wages in USDT and USDC compared to other cryptocurrencies
Criteria USDT USDC Other cryptocurrencies Usage rate Nearly 30% 63% About 7% Price stability Highly stable, based on USD Highly stable, based on USD and more transparent Highly volatile Reliability and transparency Widely used but sometimes subject to tight control High, supported by many major exchanges and organizations Varies by token
Frequently Asked Questions
Why do cryptocurrency experts choose to receive their salaries in stablecoins?
Stablecoins help preserve the value of wages, reduce volatility risk, facilitate cross-border payments, and ensure transparency.
What advantages does USDC have over USDT when used for salary payments?
USDC stands out for its higher transparency, being regularly audited and supported by many reputable organizations, increasing reliability for salary recipients.
What data is the Pantera Capital report based on?
The report is based on over 1,600 responses from cryptocurrency experts from 77 countries, reflecting global trends in the industry.
How can businesses implement salary payments in stablecoins?
Businesses need to partner with reputable cryptocurrency payment partners to ensure compliance with legal processes and transparency in transactions.
Is paying wages in cryptocurrency suitable for countries without strong financial infrastructure?
Cryptocurrency helps support fast, low-cost payments for areas lacking traditional banking infrastructure, aligning with global trends.
Source: https://tintucbitcoin.com/boi-thuong-ky-thuat-so-tang-ba-lan/
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