Stablecoin Transactions Reach Record Levels, Exceeding Visa and Mastercard

Recent analysis by OKG Research indicates a significant surge in stablecoin usage. Data shows that stablecoin transactions, particularly USDT and USDC, reached nearly $500 billion in the past week, surpassing Visa and Mastercard’s global transaction volume during the same period in 2024. Over 85 million addresses hold stablecoins, with over 4.8 million transfers initiated across the network. The average daily transaction frequency for USDT users stands at 4.37 transactions per address. This trend highlights the increasing importance of stablecoins as vital infrastructure within the evolving blockchain financial system.