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Stablecoins Surpass Mastercard and Visa during 2024 with Transactions Reaching $27.6 Trillion
The post Stablecoins Surpass Mastercard and Visa during 2024 with Transactions Reaching $27.6 Trillion appeared on BitcoinEthereumNews.com. In a noteworthy shift in the worldwide financial realm, stablecoin sector has gained a significant attention. The market data shows that, during 2024, stablecoins effectively outcompeted Mastercard and Visa in terms of transaction volume by touching $27.6 trillion. This signifies blockchain-based assets’ triumph over conventional financial networks. This development shows a massive transition to the stablecoin sector. Theo CEX(.)IO stablecoin đã ghi nhận tổng giá trị giao dịch 27,6 nghìn tỷ USD trong năm 2024, vượt cả Visa và Mastercard. USDT vẫn thống trị nhưng thị phần, nhưng giảm từ 70,5% xuống 67,7%, trong khi USDC tăng từ 18,4% lên 21,5%, nhờ nhu cầu từ DeFi. Solana đã… pic.twitter.com/8Jzg98yZwz — ThuanCapital.eth (@ThuanCapital) February 1, 2025 Stablecoin Sector ‘s Transfers Touch $27.6T, Showing Remarkable Growth in 2024 The market data reveals that the stablecoins have continuously outpaced Mastercard and Visa in quarterly transaction volumes. In this respect, the 2nd and 4th quarters of the previous witnessed the peak stablecoin transfer volumes. In each of these quarters, the respective volume rose above $7.5T. On the other hand, Mastercard and Visa’s transfer volumes remained comparatively stable. Particularly, Visa accounted for only half the stablecoin volume in processing transfers during most quarters. Additionally, Mastercard also trailed behind stablecoins. Solana Makes Meteoric Rise in Stablecoin Transfers, Exceeding Tron and Ethereum In the case of stablecoins, though Tether ($USDT) maintains its dominant position, the market share thereof has plunged to 67.7% from 70.5%. In the meantime, USD Coin ($USDC) is making a great progress with a jump from 18.4% to nearly 21.5%. The market onlookers associate this surge with the stablecoin’s growing demand in the DeFi world. However, the most prominent development is the emergence of Solana which has outperformed Tron and Ethereum. Hence it has turned into the blockchain containing the biggest stablecoin transfer volume.…
The post Stablecoins Surpass Mastercard and Visa during 2024 with Transactions Reaching $27.6 Trillion appeared on BitcoinEthereumNews.com.
In a noteworthy shift in the worldwide financial realm, stablecoin sector has gained a significant attention. The market data shows that, during 2024, stablecoins effectively outcompeted Mastercard and Visa in terms of transaction volume by touching $27.6 trillion. This signifies blockchain-based assets’ triumph over conventional financial networks. This development shows a massive transition to the stablecoin sector. Theo CEX(.)IO stablecoin đã ghi nhận tổng giá trị giao dịch 27,6 nghìn tỷ USD trong năm 2024, vượt cả Visa và Mastercard. USDT vẫn thống trị nhưng thị phần, nhưng giảm từ 70,5% xuống 67,7%, trong khi USDC tăng từ 18,4% lên 21,5%, nhờ nhu cầu từ DeFi. Solana đã… pic.twitter.com/8Jzg98yZwz — ThuanCapital.eth (@ThuanCapital) February 1, 2025 Stablecoin Sector ‘s Transfers Touch $27.6T, Showing Remarkable Growth in 2024 The market data reveals that the stablecoins have continuously outpaced Mastercard and Visa in quarterly transaction volumes. In this respect, the 2nd and 4th quarters of the previous witnessed the peak stablecoin transfer volumes. In each of these quarters, the respective volume rose above $7.5T. On the other hand, Mastercard and Visa’s transfer volumes remained comparatively stable. Particularly, Visa accounted for only half the stablecoin volume in processing transfers during most quarters. Additionally, Mastercard also trailed behind stablecoins. Solana Makes Meteoric Rise in Stablecoin Transfers, Exceeding Tron and Ethereum In the case of stablecoins, though Tether ($USDT) maintains its dominant position, the market share thereof has plunged to 67.7% from 70.5%. In the meantime, USD Coin ($USDC) is making a great progress with a jump from 18.4% to nearly 21.5%. The market onlookers associate this surge with the stablecoin’s growing demand in the DeFi world. However, the most prominent development is the emergence of Solana which has outperformed Tron and Ethereum. Hence it has turned into the blockchain containing the biggest stablecoin transfer volume.…
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