Story perspectives

Stablecoins Surge: $35 Trillion Processed, Outpacing Visa

3/21/2025

48 6

Summary

Story summary

In 2024, stablecoins processed $35 trillion, surpassing Visa's volume, despite a supply 100 times smaller than the US M1 money supply.
Tether emerged as the seventh-largest US Treasurys buyer, acquiring over $33.1 billion, reflecting stablecoin adoption.
Ripple's RLUSD aims for top stablecoin status after the SEC lawsuit dismissal, with market growth potential of tenfold in five years.
By February 2025, Ethereum led stablecoin transactions, facilitating $4.1 trillion in monthly transfers.
The stablecoin market cap hit a record $150 billion, signaling increased liquidity and potential market shifts.

History

Historical Context

The rise of stablecoins mirrors the transition from gold-backed currencies to fiat systems post-1971. As trust in traditional finance waned, digital assets like Tether and USDC gained traction. This shift reflects a broader trend of seeking stability in volatile markets, reshaping global finance.

1 of 2

Story summary

In 2024, stablecoins processed $35 trillion, surpassing Visa's volume, despite a supply 100 times smaller than the US M1 money supply.
Tether emerged as the seventh-largest US Treasurys buyer, acquiring over $33.1 billion, reflecting stablecoin adoption.
Ripple's RLUSD aims for top stablecoin status after the SEC lawsuit dismissal, with market growth potential of tenfold in five years.
By February 2025, Ethereum led stablecoin transactions, facilitating $4.1 trillion in monthly transfers.
The stablecoin market cap hit a record $150 billion, signaling increased liquidity and potential market shifts.

1 / 2