Popular Stablecoins' Transaction Volume Surpasses Visa's 2023 Monthly Average

Popular Stablecoins’ Transaction Volume Surpasses Visa’s 2023 Monthly Average

April 29, 2024 Tóth Balázs

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According to market researcher Nansen, the transaction volume of stablecoins Tether, USDC, and DAI has exceeded the monthly average transaction volume of Visa in 2023 over the past 30 days. Tether processed a trading volume of $654 billion, while DAI handled over $394 billion, and USDC transacted $321 billion, making the combined value of the three higher than the market-leading Visa’s 2023 monthly average.

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Popular Stablecoins’ Transaction Volume Surpasses Visa’s 2023 Monthly Average

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