Stablecoins account for about 18% of the total cryptocurrency market.
Despite the turmoil in the crypto market this year and a general downward trend in trading volume for most leading crypto-assets, they have outperformed all major payment card companies except Visa in terms of settlement volume.
According to analytics platform CoinMetrics, transaction volumes for this type of asset have increased by more than 600% in two years!
In 2022, $7.4 trillion worth of transactions were made in Stablecoin, more than the $5.2 trillion worth of MasterCard’s payment system.
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