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Tether USDT Surpasses Visa In Daily Transaction Volume 

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By on June 24, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
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The post Tether USDT Surpasses Visa In Daily Transaction Volume  appeared first on Coinpedia Fintech News

According to on-chain data from Lookonchain, Tether USDT on the Tron network has surpassed Visa in daily trading volume as USDT reached $53 billion compared to Visa’s $42 billion. Data from April had the top three stablecoins, a combined monthly trading volume of $1.369 trillion, which exceeded Visa’s monthly average of $1.23 trillion in 2023. Further,  Tether had almost the same monthly volume as Mastercard, the second-largest card provider. The spike in the volume can be partly due to the increasing stablecoin demand in a crypto market downturn. Stablecoins have increased monthly transfer volumes by over 10x in the past 4 years, reaching approximately $1 trillion. 

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