When people ask for use cases for crypto, now you have something significant to share. 

Stablecoins reached $8.5 trillion in transaction volume across 1.1 billion transactions in the second quarter of 2024, which ended on June 30th.

Stablecoin transaction volumes more than doubled Visa’s $3.9 trillion in transactions over the same period.

We are at a tipping point now that Stablecoins have found product-market fit, and I don't think we will see a reversal in this trend.

cc: @eriks @ted 
Source:

/ted | exploring the onchain frontier | surfing @ venice, ca | eating @ gjusta / gjelina

Porto Seguro, State of Bahia, 45810-000, Brazil

/positivesum, investor, photographer, nomad, exploring onchain & exploring the 🌎 building generational.xyz

When people ask for use cases for crypto, now you have something significant to share. 

Stablecoins reached $8.5 trillion in transaction volume across 1.1 billion transactions in the second quarter of 2024, which ended on June 30th.

Stablecoin transaction volumes more than doubled Visa’s $3.9 trillion in transactions over the same period.

We are at a tipping point now that Stablecoins have found product-market fit, and I don't think we will see a reversal in this trend.

cc: @eriks @ted 
Source: https://a16zcrypto.com/posts/article/state-of-crypto-report-2024/#section--4

Photographer + Channel Owner /nature + /lightchasers + /positivesum
https://linktr.ee/jlcolton 
https://app.icebreaker.xyz

stablecoins powerful and have PMF but i’m curious if this data includes stableswaps which inflate metrics

If we assume stableswaps are included and transactions are divided in half, the transaction volume is still comparable to Visa and significantly larger than PayPal. Notably, stablecoins account for almost a third of daily cryptocurrency usage, with a share of 32%.