Stablecoin

Bitcoin

Coin

<ul class="news-points"> 
 <li>Stablecoins processed over six trillion-dollar transactions in 2022.</li> 
 <li>The figure outpaced traditional payment companies.</li> 
 <li>Bloomberg projects a 3596% growth in stablecoin with PayPal stablecoin adoption.</li> 
</ul> 
Recently, Jamie Coutts, a crypto market analyst at Bloomberg Intelligence, spotlighted the place of <a href="https://coinedition.com/what-is-a-stablecoin/">stablecoin</a> in processing trillion-dollar transactions. 
According to Coutts, stablecoins made significant strides in the digital money evolution. The analyst noted that the crypto coins surpassed established players like Mastercard and PayPal. 
In particular, the analyst revealed that stablecoins on various Layer-1 crypto networks transacted $6.87 trillion in 2022. According to him, the figure outpaced the stride of traditional payment companies. 
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 Stablecoin Payments Overtook Mastercard in 2022 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f449.png" alt="👉" class="wp-smiley" style="height: 1em; max-height: 1em;"> in '22 stables on various L1s transacted $6.87T, surpassing trad payment co's. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f449.png" alt="👉" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> did even more than <a href="https://twitter.com/hashtag/visa?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#visa</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f449.png" alt="👉" class="wp-smiley" style="height: 1em; max-height: 1em;">This year volumes have plummeted 80% w/ hostile US regs and bear mkt exposing the extent of cyclicality/spec <a href="https://t.co/tR5glBBZzR" target="_blank" rel="nofollow">pic.twitter.com/tR5glBBZzR</a>— Jamie Coutts CMT (@Jamie1Coutts) <a href="https://twitter.com/Jamie1Coutts/status/1695007008779624797?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 25, 2023</a>
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Furthermore, Coutts pointed out that even Bitcoin (BTC) had outperfor…
The post <a rel="nofollow" href="https://coinedition.com/bloomberg-data-shows-stablecoins-transact-over-6-8t-topping-paypal/">Bloomberg Data Shows Stablecoins Transact Over $6.8T, Topping PayPal</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Bloomberg Data Shows Stablecoins Transact Over $6.8T, Topping PayPal

Coin Edition

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