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rise of global stablecoins
Key Points:* Gan Tian asserts stablecoin transactions exceed Visa’s 40-year volume within five years.
Stablecoins’ ascent marks a significant impact on the traditional financial system, with expectations of $235 billion in global issuance by 2025, drastically altering settlement models according to industry leaders. The current momentum signals profound shifts in transactional practices.
Stablecoins Overtake Visa: A Five-Year Milestone
Gan Tian’s announcement indicates that the issuance of stablecoins is projected to exceed $235 billion by May 2025. This surge reflects the increased reliance on digital currencies for transactions worldwide. Such a rapid increase in issuance showcases the declining dependence on traditional financial mechanisms.
Significant changes are anticipated as stablecoins have already surpassed Visa’s 40-year transaction volume within just five years. This rapid growth demonstrates the critical position stablecoins now hold in both cryptocurrency and traditional financial markets, suggesting large-scale integration of digital currencies. Market experts and leaders in the financial sector have reacted by acknowledging the transformative potential of stablecoins. Notably, Xiao Feng, Vice Chairman of Wanxiang Holdings, has recognized these digital assets as a significant evolution in currency, laying the foundation for widespread acceptance.
Historical Context, Price Data, and Expert Analysis
Did you know? In just five years, stablecoins have facilitated a volume triple that of traditional payment systems, reaffirming their utility and adaptability in the evolving financial ecosystem.
According to CoinMarketCap data, Tether USDt (USDT), priced at $1.00, holds a market cap of approximately $157.61 billion, representing a dominance of 4.73%. Its recent trading volume reached $51.69 billion, with a slightly negative 24-hour price movement. These statistics illustrate USDT’s significant role as a stablecoin leader in the digital currency market.
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