Number Of Salaries Paid In Crypto Triples In A Year With USDC The Favorite: Report
The number of professionals that are receiving their salaries in crypto has tripled between 2023 and 2024 with USD Coin (USDC) the preferred payment option amid Circle’s enterprise push, a report by Pantera Capital found The findings were based on more than 1,600 responses from people living across 77 countries that all work in the crypto industry. Pantera Capital said in its report that 9.6% of crypto professionals were paid in digital assets in 2024, up from the 3% figure in 2023. Circle’s USDC Leads The Way In Payrolls Despite Tether’s USDT being the largest stablecoin by market cap and the most traded in terms of daily volumes, rival token USDC emerged as the clear favorite for crypto payments. In the report, the firm said that USDC accounted for 63% of all crypto payrolls. Pantera Capital added that they initially thought USDC’s dominance had something to do with the survey being skewed “more western.” “After digging in...