The trading volume of stablecoins reached a record $7.4 trillion in 2022. Stablecoins that surpassed Mastercard in this area lagged behind Visa.
According to data from blockchain analytics company CoinMetrics, 2022 will be a tough year for the cryptocurrency market. stablecoins even though it’s been years continued its steady growth. Trading volume of stablecoins in 2022 23% increasing 7.4 trillion reached dollars.
Annual trading volumes in the past two years 600% of Among stablecoins that have increased over Tether (USDT) Although it lost some of its trading volume compared to the previous year, USD Coin (USDC) and other tokens have increased their market share this year as well. USDC in total in 2022 $2.9 trillion performed the transaction. Annual transaction volume compared to last year double moxibustionn increasing USDC, still the volume of transactions in 2021 lost 5% USDT failed to catch. if USDT $3.5 trillion by 2021 with transaction volumei $3.7 trillion transaction volume behind left.
On the other hand, in traditional payment instruments, MasterCard 2.2 trillion USD trading volume American Express 1 trillion and Discover is 200 billion dollar remained in transaction volume. payment giant Visa from the stablecoin market close to 60% by 2022 by performing more transactions with 12 trillion dollars closed.
