Breaking News
Investing Pro 0
New Year’s SALE: Up to 40% OFF InvestingPro+ CLAIM OFFER

Tether Overpowers Visa and Mastercard Concerning Settlement Volume

Cryptocurrency Jan 15, 2023 06:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Tether Overpowers Visa and Mastercard Concerning Settlement Volume
 
MA
-0.41%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
V
-0.83%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
USDT/USD
-0.02%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
USDC/USD
-0.01%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

  • Tether has outperformed the major credit card providers including Visa (NYSE:V) and Mastercard (NYSE:MA).
  • The current settlement volume of Tether is $18.2 trillion.
  • The settlement volume of Visa and Mastercard are $14.1 trillion and $7.7 trillion respectively.

Reportedly, the leading stablecoin Tether (USDT) has outdone the major credit card providers including Visa and Mastercard in terms of settlement volume.

Notably, the settlement volume of USDT is $18.2 trillion while the settlement volumes of Visa and Mastercard are $14.1 trillion and $7.7 trillion respectively:

Notably, the overall performance of stablecoins was appreciatory in 2022, setting a milestone; the total settlement volume of stablecoins marked more than $7 trillion.

According to the previous month’s analytics, the condition of Tether was stagnant, while its major competitor USD Coin (USDC) exhibited better performance.

The co-head of Venture at Braven Howard Digital, Peter Johnson, tweeted the last month while predicting 2023’s settlement volume of stablecoins:

Last year, stablecoins settled >$7tn on-chain. Current run-rate is ~$9tn/yr. This is significantly more than Mastercard (~$2.2tn), Amex (~$1tn), and Discover (

Also, the leading crypto exchange Binance cited in December CoinMetric’s analysis of the performance of stablecoins, highlighting the satisfactory journey of Visa:

According to Coinmetrics data, on-chain stablecoin settlements reached over $7 trillion in 2022 and are expected to end the year at around $8 trillion. While the largest card network Visa, processes ~$12tn/yr.

Surprisingly, Johnson’s prediction has come true at the beginning of 2023 itself, with Tether beating Visa concerning the settlement volume. Though his prediction had been directed to the stablecoins in general, Tether, which exhibited a weaker juncture, surged substantially, to overpower the then-outstanding Visa.

The post Tether Overpowers Visa and Mastercard Concerning Settlement Volume appeared first on Coin Edition.

See original on CoinEdition

Tether Overpowers Visa and Mastercard Concerning Settlement Volume
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email