#USBitcoinReserves

According to CoinTelegraph, stablecoins also experienced a breakthrough in 2024, with annual transaction value soaring to $15.6 trillion. This figure surpassed Visa and Mastercard by about 119% and 200%, respectively. While the number of stablecoin transactions per month reached 110 million, a fraction of the amount processed by Visa and Mastercard, the value per stablecoin transaction is significantly higher than that of those card networks.

On the regulatory side, stablecoins have become a focus for pro-crypto members of Congress. Before the November presidential election, Sen. Bill Hagerty introduced the Stablecoin Payments Clarity Act of 2024, which builds on previous proposals.