- Stablecoins processed over six trillion-dollar transactions in 2022.
- The figure outpaced traditional payment companies.
- Bloomberg projects a 3596% growth in stablecoin with PayPal (NASDAQ:PYPL) stablecoin adoption.
Recently, Jamie Coutts, a crypto market analyst at Bloomberg Intelligence, spotlighted the place of stablecoin 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.
Stablecoin Payments Overtook Mastercard in 2022