USDT News: Stablecoins Surpass Mastercard and Visa with $27.6 Trillion in Transactions

In a remarkable development, stablecoins have emerged as a dominant force in the global financial landscape, surpassing Mastercard and Visa in transaction volume. Read on to learn more about this significant milestone.

Stablecoins Surpass Mastercard and Visa in 2024 with Transactions Reaching $27.6 Trillion

In a significant shift in the global financial landscape, stablecoins have gained considerable attention. market data reveals that in 2024, stablecoins outperformed Mastercard and Visa in transaction volume, reaching an impressive $27.6 trillion. This milestone highlights the growing dominance of blockchain-based assets over traditional financial networks. Notably, USDT continues to lead the stablecoin market, although its share has decreased from 70.5% to 67.7%. Meanwhile, USDC has seen an increase in market share from 18.4% to 21.5%, driven by demand from the DeFi sector. Solana has also emerged as a key player in this evolving market.

Liquidity Returns to Crypto Markets Through USDC Inflows

Following a significant liquidation and spot-selling event, liquidity is returning to the cryptocurrency markets, primarily driven by inflows of USDC. This stablecoin has seen more rapid inflows compared to others, signaling a potential market recovery. USDC has been particularly active, with peak deposits to exchanges and increased minting on Solana. Over the past 30 days, USDC added more than 9.1 million tokens, with over 6 billion on Solana, while Tether (USDT) expanded by only 1.7 billion. The inflows of USDC into exchanges occurred after both Bitcoin (BTC) and Ethereum (ETH) experienced price drops, coinciding with signs of whales 'buying the dip' and holding liquidity.

Tron's Social Dominance Climbs as USDT Balance Nears ATH

The TRON blockchain is undergoing remarkable changes, solidifying its strong presence in the cryptocurrency scene. Driven by stablecoin transactions and a growing memecoin industry, recent data reveals a significant increase in network activity. Both retail and institutional investors have shown interest in the platform's evolution from a basic blockchain to a multifaceted digital habitat. Notably, TRON handles an impressive 60% of all transfers across blockchains, becoming the preferred avenue for USDT transactions. Despite Ethereum's 47% share of the entire USDT supply, TRON's 43% share drives much more transaction activity, highlighted by two recent $1 billion USDT mints pushing the stablecoin circulation to historic highs.