Bloomberg Data Shows Stablecoins Transact Over $6.8T, Topping PayPal
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- Stablecoins processed over six trillion-dollar transactions in 2022.
- The figure outpaced traditional payment companies.
- Bloomberg projects a 3596% growth in stablecoin with PayPal stablecoin adoption.
Recently, Jamie Coutts, a crypto market analyst at Bloomberg Intelligence, spotlighted the place of stablecoin in processing trillion-dollar transactions.
According to Coutts, stablecoins made significant strides in the digital money evolution. The analyst noted that the crypto coins surpassed established players like Mastercard and PayPal.
In particular, the analyst revealed that stablecoins on various Layer-1 crypto networks transacted $6.87 trillion in 2022. According to him, the figure outpaced the stride of traditional payment companies.
Stablecoin Payments Overtook Mastercard in 2022
— Jamie Coutts CMT (@Jamie1Coutts) August 25, 2023in '22 stables on various L1s transacted $6.87T, surpassing trad payment co's.
Furthermore, Coutts pointed out that even Bitcoin (BTC) had outperfor…
The post Bloomberg Data Shows Stablecoins Transact Over $6.8T, Topping PayPal appeared first on Coin Edition.
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Bloomberg Data Shows Stablecoins Transact Over $6.8T, Topping PayPal
Share:
- Stablecoins processed over six trillion-dollar transactions in 2022.
- The figure outpaced traditional payment companies.
- Bloomberg projects a 3596% growth in stablecoin with PayPal stablecoin adoption.
Recently, Jamie Coutts, a crypto market analyst at Bloomberg Intelligence, spotlighted the place of stablecoin in processing trillion-dollar transactions.
According to Coutts, stablecoins made significant strides in the digital money evolution. The analyst noted that the crypto coins surpassed established players like Mastercard and PayPal.
In particular, the analyst revealed that stablecoins on various Layer-1 crypto networks transacted $6.87 trillion in 2022. According to him, the figure outpaced the stride of traditional payment companies.
Stablecoin Payments Overtook Mastercard in 2022
— Jamie Coutts CMT (@Jamie1Coutts) August 25, 2023
Furthermore, Coutts pointed out that even Bitcoin (BTC) had outperfor…
The post Bloomberg Data Shows Stablecoins Transact Over $6.8T, Topping PayPal appeared first on Coin Edition.
In This News
Coins
$ 86.37K
-2.75%$ 0.00...361
$ 0.00163
$ 0.00461
$ 0.000161
Share:
In This News
Coins
$ 86.37K
-2.75%$ 0.00...361
$ 0.00163
$ 0.00461
$ 0.000161
Share:
Read More
The Inevitable Shift: How US Banks Are Racing Toward an On-Chain Future