Turkey outpaces the United State in having the world largest percentage of stablecoin purchases relative to its GDP.

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Turkey outpaces the United State in having the world largest percentage of stablecoin purchases relative to its GDP.

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The United States may lead the world in stablecoin transaction volumes, but its share of stablecoin purchases relative to its gross domestic product (GDP) has been eclipsed by Turkey.

While the US and the EU maintain strong representation, emerging markets such as Thailand, Brazil, and especially Turkey stand out regarding stablecoin purchasing as a share of national GDP.

According to “The 2024 Crypto Spring Report,” released on April 25 by the blockchain intelligence firm Chainalysis, Turkey has the highest share of stablecoin purchases relative to its GDP.

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Turkey has the highest stablecoin buying share relative to its GDP worldwide

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Turkey tops the world in stablecoin buying share vs. GDP

US Tops Global Stablecoin Buys Amidst Crypto Winter to Spring Transition

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