Stablecoin Transactions Surpass Visa and Mastercard in 2024
- Stablecoin transfers reached $27.6 trillion in 2024, surpassing Visa and Mastercard by 7.68%.
- The stablecoin supply expanded by 59%, exceeding $200 billion, representing 1% of the US dollar supply.
- USDC accounted for 70% of on-chain transactions, while USDT’s market share fell from 43% to 25%.
- Solana became the leading blockchain for stablecoin transfers, with USDC comprising 73% of its stablecoin activity.
- Bot-driven trading contributed to 70% of total stablecoin volume, with unadjusted transactions making up over 98% on certain networks.
In 2024, stablecoins achieved a transaction volume of $27.6 trillion, outpacing traditional payment systems like Visa and Mastercard by over seven percent. The supply grew significantly, with Solana emerging as the top blockchain for these transactions.
Source (2.6.1)https://cryptoslate.com/stablecoins-surpass-visa-and-mastercard-with-27-6-trillion-transfer-volume-in-2024/?rand=24433
