Bitwise report shows stablecoins processed nearly $14 trillion, exceeding Visa’s $13 trillion. Growth driven by cross-border payments, institutional interest (PayPal, BoA), potential US regulation. Ethereum network, supported by Layer 2s, remains key infrastructure for stablecoin activity. In what’s a major milestone, stablecoin transaction volume surpassed Visa’s global total for the first time in 2024. A new Bitwise report shows stablecoins processed close to $14 trillion in transactions last year, exceeding Visa’s $13 trillion. This marks a major shift in the global payments system. What’s Driving Stablecoin Growth? This record volume follows rapid growth, with stablecoin transactions doubling from roughly $7 trillion just a year earlier. Stablecoins like Tether’s USDT and Circle’s USDC provide price stability unlike more volatile cryptocurrencies such as Bitcoin or Ethereum. Source: Bitwise Report/X That stability, combined with low costs and high speed, makes stablecoins well-suited for cross-border payments – a key area of growth. They are proving particularly useful in regions with volatile local currencies, such as parts of Latin Am… The post Stablecoins Processed $14 Trillion in 2024, Exceeding Visa: Bitwise Data appeared first on Coin Edition .