According to PANews reports, Visa data shows that in November, the transaction volume of crypto stablecoins exceeded $700 billion, setting a new record and approaching Visa's annual transaction level. The transaction volume of USDT reached $500 billion.
The transaction volume on the Tron chain is $314 billion, while Ethereum is $247 billion. If the monthly growth rate remains at $700 billion, it could reach $8.4 trillion next year, which is close to Visa's $12.3 trillion in December 2023.
Tron is growing due to low costs and high speed, while the supply of stablecoins on the Ethereum chain is increasing. Tron is inclined towards payments, while Ethereum is used for DeFi lending. The total market cap of stablecoins has surpassed $193 billion, demonstrating its potential.