In just 6 years the Stablecoins annual trading volume has eclipsed PayPal and is on level with Visa now. Fascinating growth.

Nowadays once you think about Crypto there is just no way to ignore stablecoins too. USDT alread being a Top 3 Crypto for literally all of the bull and bear market and obviously also other stablecoins like BUSD from Binance themselves and the infamous UST with a Bitcoin-backing were/are integral parts of Crypto too.

So it is safe to say that the whole stablecoins sector is just ever-growing especially due to their endless trading pairs and for giving some sense of stability in an often very volatile market (though stablecoins in the last year have rather been unstable).

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Chart showing annual trading volume of Stablecoins vs FedWire, ACH, Visa and PayPal, chart imported from Will Clemente

This chart just shows this literally parabolical and fascinating of a completly new industry in just under 6 years and that industry was also based off a completly new industry. In comparison to PayPal that is based off the fiat industry. Stablecoins annual volume has now exceeded $10T making it eye-on-eye with Visa, the bigges payment processor company.

Crypto, itself a young industry, being able to give birth to an even younger industry that in just six years was able to process $10T, is perfectly showing the potential of Crypto as a whole. Obviously there are a ton of scams and regulatory uncertainties, but even bew industry has them and once Crypto lessens that, Crypto could actually be a viable rival of fiat currencies, if it not already is in some countries.