Stablecoins Process $27.6 Trillion in 2024, Surpassing Visa With 95% Settled on Ethereum

Stablecoin transactions outpaced Visa payments last quarter: Bitwise

The last quarter may have been "frustrating," but things are looking brighter as Q2 gets underway.

Despite falling prices, crypto adoption is progressing. Bitwise calls it the "best, worst quarter" of industry history. Source: BTC-ECHO BTC-ECHO

Stablecoins Process $27.6 Trillion in 2024, Surpassing Visa With 95% Settled on Ethereum

In 2024, stablecoin transaction volumes surpassed those of Visa for the first time, according to multiple industry sources including Bitwise.Stablecoins processed over $27.6 trillion in transactions during the year, officially exceeding Visa’s total payment volume and edging out Mastercard by 7.7%.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

The volume of payments transactions with more stablecoins doubled in 2024 over the $14 billion USD, leaving Visa behind for the first time, according to data collected in a Bitwise report. *** The volume of payments transactions with more stablecoins doubled in 2024. The stablecoins surpassed Visa for the first time with a figure of more than $14 trillion. The capitalization of the stablecoins market also grows explosively. Institutional interes…

With about $13,500 billion in volumes in 2024, the stablecoins did better than Visa. In the 1st quarter 2025, other records were beaten. Let's discover them. The stablecoins do better than Visa: $13,500 billion in volumes in 2024 appeared first on Cryptoast.