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Stablecoins Dominate Transaction Volumes, Surpassing Traditional Payment Giants

  • Stablecoins, particularly USDT and USDC, now account for nearly 50% of the total transaction volume among major crypto assets, highlighting their crucial role in providing liquidity and stability to the market.
  • USDC has surpassed USDT for the first time in facilitating large money transfers valued at $100,000 or more, indicating its growing influence in this category.
  • Stablecoins recorded an impressive $8.5 trillion in transactions in Q2 2024, outpacing traditional payment giant Visa's $3.9 trillion, showcasing their ability to compete with established payment systems.
  • Stablecoins are experiencing steady growth in monthly users, signaling their resilience and paving the way for broader mainstream adoption in the global payment landscape.

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