For the first time in history, global crypto transaction volume has surpassed traditional credit card networks.
According to new data from CoinMetrics and Visa’s own quarterly filings, crypto transactions totaled approximately $18.5 trillion over the past 12 months, edging past Visa’s $14.5 trillion and Mastercard’s $8.2 trillion.
Analysts attribute the surge to the growing use of stablecoins, particularly USDC and USDT, in cross-border settlements and decentralized finance platforms.
Despite regulatory uncertainty in major markets like the United States, the daily on-chain activity across Bitcoin, Ethereum, and Solana networks now rivals or exceeds many established payment processors.
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