According to PANews, Nansen data shows that in the past 30 days, the combined transaction volume of Tether, USDC and DAI has exceeded Visa's monthly average in 2023. Stablecoin Tether has processed $654 billion in transactions in the past 30 days, DAI's transaction volume exceeded $394 billion, and USDC's transaction volume was $321 billion. The total amount of the three is $1.369 trillion. In comparison, Visa's annual transaction volume in 2023 was $1.48 trillion, with an average monthly transaction volume of $1.23 trillion.
Nansen data shows that Tether's monthly transaction volume alone is almost as high as that of Mastercard, the world's second-largest credit card provider. In 2023, Mastercard's monthly average transaction volume was $750 billion, with a total of $9 trillion for the year. Tether also surpassed PayPal, which managed an average of $125 billion per month last year, the data shows.