Stablecoins Surge Past Visa in Transaction Volume

Bitwise Crypto Market Review for Q1 2025 reveals a significant shift in the financial landscape: stablecoin transaction volume has surpassed Visa’s payment activity. This surge is attributed to the rapid growth of DeFi applications and increasing institutional investment, as evidenced by a 30% rise in stablecoin transaction volume during the quarter. AUM also hit an all-time high of over $218 billion, with a 13.5% increase from the previous quarter. 2024 will see stablecoins settle a staggering $27.6 trillion worth of transactions, almost entirely on the Ethereum network. 95% of this volume settled on Ethereum.