- The stablecoins attained a record total settlement volume by reaching over $7 trillion in 2022.
- The current volume record has beaten the volume of the leading credit card providers, except Visa.
- Peter Johnson commented that in the next year, the stablecoins would even beat Visa.
According to the data obtained from CoinMetrics, the leading crypto financial intelligence platform, stablecoins achieved a new record total settlement volume this year. Comparatively, the record volume is higher than the major credit card providers, except Visa.
The leading crypto exchange Binance updated its official page with the details regarding CoinMetrics’ analysis of the record of the stablecoins:
According to Coinmetrics data, on-chain stablecoin settlements reached over $7 trillion in 2022 and are expected to end the year at around $8 trillion. While the largest card network Visa, processes ~$12tn/yr.
As per the reports, the adoption of the top stablecoin Tether (USDT) is stagnating while its major ...
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