Stablecoins Surpass Visa's Average Monthly Transaction Volume

According to PANews, recent data from Nansen reveals that the combined transaction volume of Tether, USDC, and DAI has exceeded Visa's average monthly level in 2023 over the past 30 days. Tether processed a transaction volume of $654 billion in the past 30 days, while DAI's transaction volume exceeded $394 billion, and USDC's transaction volume was $321 billion. The total amount of these three is $1.369 trillion. In comparison, Visa's annual transaction volume in 2023 was $1.48 trillion, with an average monthly transaction volume of $1.23 trillion. Nansen's data also shows that Tether's monthly transaction volume is almost equivalent to that of Mastercard, the world's second-largest credit card provider. In 2023, Mastercard's average monthly transaction volume was $750 billion, with an annual total of $90 trillion. The data also indicates that Tether has surpassed PayPal, which managed an average of $125 billion per month last year.