- We outperform major credit card providers such as Visa (NYSE:) and Mastercard (NYSE:).
- Tether’s current settlement value is $18.2 trillion.
- Visa and Mastercard payments are worth $14.1 trillion and $7.7 trillion respectively.
Leading stablecoin Tether (USDT) reportedly outperforms major credit card providers such as Visa and Mastercard in terms of payment volume.
Specifically, USDT has $18.2 trillion in payments, while Visa and Mastercard have $14.1 trillion and $7.7 trillion respectively.
Payment volume in 2022 pic.twitter.com/k87FrknKr4
— Tether (@Tether_to) January 14, 2023
In particular, the overall performance of the stablecoin has been highly rated and set milestones in 2022. The total value of stablecoin payments has surpassed $7 trillion.
Analysis from the previous month showed that Tether was in a slump, while its main competitor (USDC) performed better.
Peter Johnson, co-head of Venture at Braven Howard Digital, tweeted last month predicting stablecoin payment volumes in 2023.
Last year, stablecoins surpassed $7 trillion on-chain. The current run rate is about $9 trillion annually. This includes Mastercard (~$2.2 trillion), Amex (~$1 trillion), Discover (
Also cited in CoinMetric’s stablecoin performance analysis in December, leading cryptocurrency exchange Binance highlights Visa’s satisfying journey.
According to data from Coinmetrics, on-chain stablecoin payments are expected to surpass $7 trillion in 2022 and nearly $8 trillion by the end of the year. Visa, the largest card network, handles up to $12 trillion annually.
Surprisingly, Johnson’s prediction came true in early 2023, with Tether beating Visa in terms of payment volume. While his predictions were generally aimed at stablecoins, Tether, which had shown a weaker juncture, surged significantly, overwhelming Visa, who stood out at the time.
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