Stablecoins Surpass Visa in Transaction Volume.
In 2024, stablecoin transactions hit $14T, outpacing Visa’s $13T, signaling their growing role in global finance.
Growth Drivers:
Political Backing: Trump’s executive order for a U.S. Bitcoin reserve boosted crypto confidence.
Regulatory Relief: The SEC dropped lawsuits against major crypto firms, improving the regulatory environment.
Crypto Market:
Despite stablecoin gains, the broader market corrected—Bitwise 10 Large Cap Crypto Index fell 18%, and Ethereum dropped 45%.
Outlook:
Stablecoin assets reached a record $218B, up 13.5% from last quarter, with transactions rising 30.14%. Offering fast, cheap, 24/7 global transfers, stablecoins gain traction amid economic uncertainty.
