Stablecoin Surge: Transaction Volume Shatters Records at $1.79 Trillion
The digital asset landscape is witnessing a massive shift in utility. According to new data from Visa, adjusted stablecoin transaction volume skyrocketed to a record-breaking $1.79 trillion in June, marking a staggering 63% increase from May's $1.1 trillion.
This surge, which eclipses the previous high set in February, represents a 125% year-over-year increase. As stablecoin transaction volume continues to climb, industry experts suggest that these assets are rapidly maturing and securing their role as a fundamental pillar of the evolving global payments infrastructure.
Stablecoins are maturing and are positioned for even greater reach as the market evolves, said crypto researcher Nick Ruck. Adjusted stablecoin transaction volume hit a record $1.79 trillion in June, up 63% from May’s $1.1 trillion, according to payments giant Visa.
June’s record stablecoin transaction volume surpassed the previous record of $1.78 trillion in February, and is up 125% from the prior-year period, according to Visa’s Allium-powered stablecoin analytics dashboard. “June was another record month for stablecoin transaction volume, just ahead of February,” said Zach Pandl, head of research at Grayscale.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
Read Full Article at CoinTelegraphSupport Jornal Bitcoin
Independent journalism, curated by AI, no clickbait. Keep the flame alive with any amount of BTC.
jonata@walletofsatoshi.comDaily Crypto Brief 📬
Subscribe to receive the curation of the most important Bitcoin and crypto news, summarized by AI. No spam.
Join more than 10,000 smart readers.
Related News
Privacy Revolution: Ethereum’s EIP-8222 Could Finally Make Staking Anonymous
While enhancing privacy could drastically boost user confidence and decentralization, these anonymity features are expected to trigger intense regulatory scrutiny. The tension between cryptographic privacy and global compliance will likely define the success of this implementation.
Bitcoin Reclaims $63K: ETF Inflows and Short Squeeze Fuel Massive Rebound
This rally marks a significant recovery from the late-June downturn, as Bitcoin climbed back from levels below $60,000. The combination of institutional demand via ETFs and the liquidation of short positions suggests a strengthening bullish sentiment across the broader cryptocurrency landscape.
XRP at a Breaking Point: Analysts Forecast Massive Move with Targets as High as $12
As the crypto market shifts, bullish projections suggest ambitious targets ranging from $4 to an incredible $12. This potential XRP rally hinges on the maintenance of specific technical patterns, placing investors on high alert for a potential paradigm shift within the Ripple ecosystem.
Iran Power Shift: Mojtaba Khamenei Takes Charge Amid Escalating US-Israel Tensions
As the geopolitical stability of the region hangs in the balance, market confidence is facing a rigorous test. The potential for intensified regional tensions could trigger significant volatility, influencing global economic sentiment and impacting risk appetite across both traditional and digital asset markets.
ABcripto Slams Brazil's Central Bank Over 'Disproportionate' 24-Hour Stablecoin Lock
By imposing this lock, the measure risks stifling transparent market actors who rely on regulated entities for liquidity, while failing to deter illicit actors who operate outside standard channels. This move could create significant operational hurdles for the growing crypto ecosystem in Brazil without effectively curbing financial crime.
Gold Over Bitcoin? Veteran Trader Peter Brandt Considers Major Asset Rotation
Brandt anticipates that gold will gain substantially on Bitcoin, suggesting a significant divergence in performance between these two major asset classes. For crypto enthusiasts and macro traders alike, this insight provides a critical perspective on the current tug-of-war between digital gold and physical gold.
