Stablecoins surpasses visa and master cards in 2024 at $ 27.6 trillion.

According to a report from Crypto Exchange CEX.IO, Stablecoin transmission reached $ 27.6 trillion in 2024, and the combined volume of visa and mastercard increased 7.68%..

The report pointed out that STABLECOINS has continued to perform than traditional payment providers throughout the year despite the rapid increase in the third quarter as the market slowed in the market.

This trend shows changes in global remittances as legacy providers such as Western Union and Moneygram struggle to adapt to the increase in demand for digital assets.

During this period, the STABLECOIN supply increased by 59%, exceeding $ 200 billion. This growth has led to 1%of the US dollar supply, which has increased significantly from 0.63%at the beginning of the year.

USDC leads to Solana gaining dominance.

Circle’s USDC has emerged as the dominant stability of the warm -chain transaction, accounting for 70%of the total transmission. However, due to the temporary reduction in defect activities, the influence has become slightly weaker in the third quarter.

Tether’s USDT, the largest stable market cap, has experienced significant growth and total transition has more than doubled. Nevertheless, market share decreased from 43%to 25%last year.

Solana surpassed TRON and Ethereum in January 2024, and the surge in Solana -based activities promoted USDC’s market share, and 73%of USDC’s Starble Coin supply was tied to USDC transactions.

According to CEX.IO:

“This increase was consistent with Solana’s overall ecosystem growth because the stable coin of the network was mainly used for Defi and other DApp activities.”

Bot fuel stabilization coin volume

CEX.IO pointed out that bot driving transactions played an important role in the STABLECOIN transaction last year and the automated system is responsible for 70%of the total size.

According to the company’s research, bot driving transactions were especially dominated by Ether Lee, base and solar.

Crypto Exchange reported that unjoined trading volume (when it reflects bot activities) showed 77%of all Stablecoin transmission in 2024. This is four times higher than in 2023.

Unjoined transactions accounted for more than 98% of total stability activities in the network dominated by USDC, such as Solana and Base.

This survivor has been promoted by the high transaction speed, low cost, rapid expansion of the network and the rapid spread of MEME tokens. In December alone, Memecoins accounted for 56%of Solana’s DEX transactions.

CEX.IO pointed out that it has improved efficiency despite concerns about bots that manipulate the market through the lead and sandwich attack. Such automation systems help to promote arbitrage, execute repeated smart contracts, and cover the user’s gas costs.

CEX.IO has been added.

“As a result, the bot dominance of the Stablecoin transaction can also show the maturity of a specific network.”

What is the next step in Stablecoins?

This exchange said that Stablecoins has strengthened its role as an essential liquidity source in DEFI, Trading and border payment in 2024, which is expected to continue in 2025, especially in stocks, which historically transaction volume and capital flow. Increased.

Supply expansion will continue. The company has shown that the previous market cycle has expanded beyond the strength of Stablecoin growth, and often continues in the initial recession. For example, in 2022, Stablecoin Supply continued to increase until March and five months after the market peak. This suggests that even if the wider market conditions are weakened, demand can be steadily maintained.

Another major development can contain changes that go beyond the network dominated by USDTs such as TRON. The report pointed out that USDT is growing in competition and increasing regulatory investigations, which can erose market share and affect TRON’s rule in Stablecoin transactions.

Meanwhile, Ether Leeum’s upcoming PECTRA update, which is expected in March 2025, can strengthen the charm as a stable coin hub on the network. The upgrade aims to improve scalability, reduce gas fees, and improve your user experience in Etherrium Layer 1 and Layer 2 networks.

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