Visa Sees Record $1.79T Stablecoin Volume, USDC Grabs 67% Share
V•Visa processed $1.79 trillion in stablecoin payments during the latest reporting period, a record high for digital token transactions on its network. USD Coin accounted for 67% of these transactions, surpassing Tether and underscoring growing adoption of USD-backed stablecoins via Visa rails.
1. Record Stablecoin Payment Volume
Visa processed a record $1.79 trillion in stablecoin transactions during the latest period, marking the highest volume to date on its digital asset rails.
2. USDC Captures Majority Share
USD Coin made up 67% of stablecoin volume on Visa’s network, eclipsing Tether’s share and reflecting a shift toward fully backed tokens for cross-border and digital payments.
3. Impact on Visa's Crypto Services
The surge in stablecoin usage highlights growing merchant and consumer demand for tokenized dollars, potentially driving additional processing fees and validating Visa’s continued investment in crypto payment infrastructure.
