Stablecoin

2024

Solana

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<div class="key-points-section"><b>Key Points:</b><ul><li>Stablecoin transactions surpassed Visa in 2024, marking a significant milestone.</li><li>Surge driven by Tether, USD Coin on high-throughput blockchains.</li><li>This shift represents stablecoins as a core payment infrastructure today.</li></ul></div><figure class="wp-block-image aligncenter size-large"><a href="https://theccpress.com/wp-content/uploads/2025/04/stablecoins-digital-symbols-art.png" rel="noopener noreferrer nofollow"></a><figcaption class="wp-element-caption"> Stablecoin Transactions Exceed Visa's Payment Volume in 2024 </figcaption></figure><p>The surpassing of Visa's volume by stablecoins highlights stablecoins' emerging role in global finance and immediate market reactions.</p><p>In 2024, the annual on-chain transaction volume for stablecoins exceeded Visa's total annual payment volume. <strong>This development</strong> represents a milestone in financial dynamics, showcasing the increasing importance of stablecoins. Stablecoins like Tether (USDT) and USD Coin (USDC) predominantly contributed to this volume, effectively using high-throughput blockchain networks including Tron and Solana. Tron alone processed $5.46 trillion in USDT transactions, with Solana experiencing a substantial rise in network activity.</p><h2 id="market-insights">Market Insights</h2><p><strong>ARK Invest</strong> released a study emphasizing stablecoin growth despite prior market downturns. “Despite a two-year bear market and a 70%+ decline in market capitalization, stablecoin growth has remained uninterrupted,” ARK Invest reported. <a href="https://www.int-comp.org/insight/stablecoins-the-new-epicentre-of-crypto-fraud" rel="noopener noreferrer nofollow">Stablecoins</a> experienced increased adoption across the globe, moving beyond their origins as a niche within the cryptocurrency sector. The market capitalization of stablecoins doubled over the year, reaching a record $232 billion in early 2025, driven by the demand for stability amidst market volatility.</p><h2 id="impact-on-traditional-finance">Impact on Traditional Finance</h2><p>The rise of <a href="https://www.steil.house.gov/media/press-releases/steil-and-hill-introduce-stable-act" rel="noopener noreferrer nofollow">stablecoins</a> as a core payment system affects traditional financial sectors. Visa's large-scale financial operations have been outpaced, prompting consideration of potential long-term implications for legacy payment systems. In response, governments are debating <a href="https://www.banking.senate.gov/newsroom/minority/warren-current-stablecoin-bill-risks-americans-money-our-economy-and-our-national-security" rel="noopener noreferrer nofollow">regulatory frameworks</a>, such as the U.S. Senate's deliberation over the GENIUS Act, which seeks to establish federal oversight.</p><p>Reports indicate institutions and investors are increasingly recognizing stablecoins' role in global finance. <strong>Forest Bai</strong>, Co-Founder at Foresight Ventures, emphasized the shift:</p><blockquote> “Stablecoins are no longer a crypto niche—today, they are the infrastructure layer powering the next generation of global payments.”
</blockquote><p>This trend underscores significant regulatory interest and technological adoption as the cryptocurrency landscape continues to evolve.</p><a href="https://theccpress.com/stablecoin-transactions-surpass-visa-2024/" rel="noopener noreferrer nofollow">Read original article on theccpress.com</a>

Stablecoin Transactions Exceed Visa's Payment Volume in 2024

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