USDT Leads as Stablecoin Transaction Volume Surpasses Visa with $6 Trillion in Q1 2025

In a landmark achievement for the cryptocurrency sector, stablecoin transaction volume has surpassed that of Visa in the first quarter of 2025, processing over $6 trillion in transfers—nearly double the payments giant's throughput. According to data from Bitwise Asset Management, this represents a 30% quarter-over-quarter surge, highlighting the rapid adoption of stablecoins for cross-border remittances, decentralized finance (DeFi), and enterprise settlements. The dominance of USD-pegged tokens like USDT and USDC underscores their growing role as a backbone for global digital transactions. This milestone not only reflects the increasing trust in stablecoins but also signals a shift in the financial ecosystem towards blockchain-based solutions. As of July 2025, this trend continues to accelerate, with stablecoins cementing their position as a critical infrastructure for the future of finance.

Stablecoin Transaction Volume Surpasses Visa in Q1 2025 With Over $6 Trillion

Stablecoin transaction volume eclipsed Visa's in the first quarter of 2025, processing over $6 trillion in transfers—nearly double the payments giant's throughput. Bitwise Asset Management data reveals a 30% quarter-over-quarter surge, signaling accelerating adoption for cross-border remittances, decentralized finance, and enterprise settlements.

The dominance of USD-pegged tokens like USDC and USDT underscores stablecoins' transformation from niche instruments to foundational infrastructure. Blockchain-based payments now compete directly with legacy rails, marking a tectonic shift in global finance.

Telegram Cracks Down on $35B Crypto Scam Networks, But Activity Persists

Telegram has removed thousands of accounts and channels linked to the Huione Group, a Cambodia-based network flagged by U.S. authorities for laundering over $35 billion in USDT. The platforms, including Huione Guarantee and Xinbi Guarantee, facilitated pig-butchering scams and other fraudulent schemes.

Despite the takedown, illicit activity quickly migrated to smaller platforms like Tudou Guarantee, which saw a 70x surge in daily transaction volume. Over 30 new laundering platforms have emerged, mimicking escrow services to evade detection.

CoinDCX Employee Arrested in $44 Million Crypto Hack Case

A software engineer at India's leading crypto exchange CoinDCX has been detained in connection with a $44 million digital asset theft. Bengaluru police arrested Rahul Agarwal after unauthorized transfers drained company wallets over a seven-hour window last week.

The breach began with a single USDT transaction at 2:37 AM on July 19 before escalating to six external wallets. Investigators discovered compromised login credentials from Agarwal's company-issued laptop, despite policies restricting device usage to office premises.

Bank records show $17,116 deposited into Agarwal's account from unidentified sources. The employee admitted to unauthorized freelance work for private clients during interrogations, while claiming ignorance of the hack until notified by CoinDCX management.

Authorities are examining potential malware delivery through WhatsApp calls from German numbers and suspicious file transfers. The case highlights persistent security vulnerabilities in crypto enterprises as regulatory scrutiny intensifies across India's digital asset markets.