In 2024, stablecoin volumes surpassed 27.6 trillion USD, outpacing Visa and Mastercard combined by 7.7%. Tether’s USDT was dominant, representing 79.7% of stablecoin trading. A substantial 59% growth in supply reflects rising adoption in crypto transactions.
Despite high volumes, stablecoins faced a 13.5% reduction in market cap share, especially in Q3 of 2024. Bot activity accounted for 70% of transaction volumes, showcasing a trend towards automation in trading that highlights growing market engagement.
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