{"id":46763,"date":"2025-02-06T13:00:46","date_gmt":"2025-02-06T13:00:46","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ark-invest-stablecoin-transaction-value-reached-15-6t-in-2024-beats-mastercard-and-visa\/"},"modified":"2025-02-06T13:00:46","modified_gmt":"2025-02-06T13:00:46","slug":"ark-invest-stablecoin-transaction-value-reached-15-6t-in-2024-beats-mastercard-and-visa","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ark-invest-stablecoin-transaction-value-reached-15-6t-in-2024-beats-mastercard-and-visa\/","title":{"rendered":"Ark Invest: Stablecoin transaction value reached $15.6T in 2024, beats Mastercard and Visa"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1695302953962-aa3cdeb9-5899-4d08-b511-91b7bb86bf3d-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1695302953962-aa3cdeb9-5899-4d08-b511-91b7bb86bf3d-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1695302953962-aa3cdeb9-5899-4d08-b511-91b7bb86bf3d-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1695302953962-aa3cdeb9-5899-4d08-b511-91b7bb86bf3d-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li aria-level=\"1\">Stablecoin transaction value surpassed Mastercard and Visa by 200% and 119%<\/li>\n<li aria-level=\"1\">The number of monthly stablecoin transactions reached 100 million in 2024<\/li>\n<li aria-level=\"1\">Stablecoin transaction value roughly doubled year-on-year from $7 trillion in 2023<\/li>\n<\/ul>\n<p>The transaction value of stablecoins hit $15.6 trillion in 2024 overtaking traditional payments made with Mastercard and Visa.<\/p>\n<p>The data, published in <a href=\"https:\/\/www.ark-invest.com\/big-ideas-2025\" target=\"_blank\" rel=\"noopener\">Ark Invest Big Ideas Report 2024<\/a>, showed that <a href=\"https:\/\/coinjournal.net\/search\/Stablecoin\">stablecoins<\/a> surpassed Mastercard and Visa by 200% and 119%, respectively. Despite a two-year bear market that witnessed a more than 70% decline in market capitalization, stablecoin growth remained uninterrupted, reaching a five-year high.<\/p>\n<p>The number of stablecoin transactions hit 100 million monthly, roughly 72% and 41% of which were processed by Mastercard and Visa.<\/p>\n<p>Compared to previous years, the number of people using stablecoins to transfer funds has steadily increased. For instance, in 2023, the value of stablecoin transactions was roughly $7 trillion with Visa taking the lead at around $13 trillion.<\/p>\n<figure id=\"attachment_268581\" aria-describedby=\"caption-attachment-268581\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"wp-image-268581 size-full\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/02\/Stablecoins.jpg\" alt=\"\" width=\"667\" height=\"444\"\/><figcaption id=\"caption-attachment-268581\" class=\"wp-caption-text\">Stablecoin transaction value. Source: <a href=\"https:\/\/www.ark-invest.com\/big-ideas-2025\" target=\"_blank\" rel=\"noopener\">Ark Invest<\/a><\/figcaption><\/figure>\n<h2>Top stablecoin issuers<\/h2>\n<p>Of the stablecoins on the market, Tether (USDT) continues to dominate the market followed by Circle (USDC). Together, they account for 90% of the total supply.<\/p>\n<p>Tether also reported $5.2 billion in profits during the first half of 2024. Tether and Circle account for 60% of the revenue generated by the top five networks and applications.<\/p>\n<p>\u201cCollectively, stablecoins USDT, USDC, DAI\/USDS, and USDE generated revenues of $3.35 billion, or $6.7 billion at an annual rate, during the second half of 2024,\u201d said Ark Invest.<\/p>\n<p>News of stablecoin growth comes as <a href=\"https:\/\/coinjournal.net\/news\/donald-trump-names-david-sacks-as-ai-and-crypto-czar\/\">David Sacks<\/a>, <a href=\"https:\/\/coinjournal.net\/search\/Donald+Trump\">President Donald Trump\u2019<\/a>s AI and crypto czar, indicated that one of the priorities within the White House is creating stablecoin legislation.<\/p>\n<p>Republican Senator Bill Hagerty introduced a bill yesterday to create a framework for stablecoins.<\/p>\n<p>The bill is proposing to implement a \u201cclear, regulatory framework\u201d for their use. With stablecoin use gaining popularity overseas, the US is hoping that the bill will reinforce the dollar\u2019s dominance while aiding Trump\u2019s mission to make <a href=\"https:\/\/coinjournal.net\/news\/donald-trump-unveils-plan-to-make-usa-the-crypto-capital-of-the-planet\/\">America the crypto capital of the world<\/a>.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/ark-invest-stablecoin-transaction-value-reached-15-6t-in-2024-beats-mastercard-and-visa\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Stablecoin transaction value surpassed Mastercard and Visa by 200% and 119% The number of monthly stablecoin transactions reached 100 million in 2024 Stablecoin transaction value roughly doubled year-on-year from $7 trillion in 2023 The transaction value of stablecoins hit $15.6 trillion [&hellip;]<\/p>\n","protected":false},"author":3947362367,"featured_media":46764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/46763"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362367"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=46763"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/46763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/46764"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=46763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=46763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=46763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}