Could stablecoin volumes overtake Visa this quarter?

CoinMarketCap05-06

Stablecoins may finally overtake payment giant Visa in total payment volume this quarter, according to research firm Sacra. Visa's head of crypto, however, disagrees. In a blog post by Sacra co-...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2433494766?lang=en_US&edition=fundamental","thumbnail":"https://academy-public.coinmarketcap.com/srd-optimized-uploads/8953b193516d4177ab6b7bd9d63fa088.jpeg","is_english":true,"pubTime":"2024-05-06 12:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2433494766","market":"us","top_or_hot":-1,"title":"Could stablecoin volumes overtake Visa this quarter?","media":"CoinMarketCap","content":"<div>\n<p>Stablecoins may finally overtake payment giant Visa in total payment volume this quarter, according to research firm Sacra. \nVisa's head of crypto, however, disagrees.\nIn a blog post by Sacra co-...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/66385f187d6bd25fc09f26e8/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Could stablecoin volumes overtake Visa this quarter?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCould stablecoin volumes overtake Visa this quarter?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-06 12:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/66385f187d6bd25fc09f26e8/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stablecoins may finally overtake payment giant Visa in total payment volume this quarter, according to research firm Sacra. \nVisa's head of crypto, however, disagrees.\nIn a blog post by Sacra co-...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/66385f187d6bd25fc09f26e8/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1316542783.SGD","symbol_name":"Janus Henderson Horizon Global Technology Leaders A2 SGD","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/66385f187d6bd25fc09f26e8/","article_id":"2433494766","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/8953b193516d4177ab6b7bd9d63fa088.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433494766","pubTimestamp":1714970389,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Stablecoins may finally overtake payment giant Visa in total payment volume this quarter, according to research firm Sacra. Visa's head of crypto, however, disagrees. In a blog post by Sacra","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","BK4559":"巴菲特持仓","BK4527":"明星科技股","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4588":"碎股","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","LU0079474960.USD":"联博美国增长基金A","V":"Visa","LU0056508442.USD":"贝莱德世界科技基金A2","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","USDC":"USDATA Corp.","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0109392836.USD":"富兰克林科技股A","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU":"陆金所","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4581":"高盛持仓","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU0861579265.USD":"联博低波幅策略股票基金A","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","LU1046421795.USD":"富达环球科技A-ACC","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","BK4585":"ETF&股票定投概念","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU0444971666.USD":"天利全球科技基金","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","BK4227":"交易和支付处理服务","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0971096721.USD":"富达环球金融服务 A","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD"},"translate_title":"本季度稳定的硬币交易量会超过Visa吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"V":1,"USDC":1,"LU":0.6},"content_text":"Stablecoins may finally overtake payment giant Visa in total payment volume this quarter, according to research firm Sacra. \nVisa's head of crypto, however, disagrees.\nIn a blog post by Sacra co-founder Jan-Erik Asplund, the firm argued that stablecoins’ \"extreme product-market fit for cross-border money movement\" could see its total payments volume exceed Visa, reaching over $4 trillion. \n“Stablecoins win on convenience, enabling cross-border payments to be completed any day of the week (rather than business days only), on speed (in minutes rather than 6 to 9 hours), and cost ($0.0037 vs. $12),” Asplund argued. \n“Today every major bank is working on using stablecoins to run their payment rails behind the scenes,” he added.\n\nSource: Sacra\n\n\nVisa's head of crypto, Cuy Sheffield, disagrees, arguing there was a “lot of noise” with stablecoin data and that on-chain transactions resulting from interactions with bots and automated programs “don’t resemble settlement in the traditional sense.”\nVisa's recently launched dashboard claims as much as 90% of stablecoin transactions over the last 30 days are not made by genuine users. \nThere has been around $2.2 trillion in total volume of stablecoin transactions in April. However, less than 10% of that volume or $149 billion, has been classified as genuine by the credit company, with the rest made of bot activity and automated transactions by entities such as centralized exchanges. \nVisa collaborated with Allium Labs to develop an adjusted stablecoin transaction metric for the dashboard which was announced in late April.\n“This adjusted metric aims to remove potential distortions that can arise from inorganic activity and other artificial inflationary practices,” states the company on its dashboard.\n\nDaily Stablecoin Transaction Volume Adjusted and Unadjusted. Source: Visa/Allium\n\n\nThe dashboard applies two filters to its stablecoin data: a single directional volume filter that only counts the largest stablecoin amount transferred within a single transaction and an inorganic user filter that aims to remove bot activity and automatic transactions from large entities like centralized exchanges.\nThe dashboard, however, reports that the total monthly stablecoin transaction volume, spurious or otherwise, has almost doubled since the beginning of 2024, the majority of which is Tether (USDT) and Circle’s USD Coin (USDC).\nRelated: Visa, Mastercard could be key drivers for crypto in the year ahead\nMeanwhile, other payment giants are getting in on the act. PayPal launched its PYUSD stablecoin in 2023 and Stripe said that would allow merchants using its platform to accept stablecoins for online transactions in April.\nAlso in April, Ripple announced plans to launch a USD-backed stablecoin to compete with market leaders.\nCurrent stablecoin market capitalization is around $161 billion and daily trading volume is $37 billion, according to CoinGecko.\nCointelegraph reached out to Visa and leading stablecoin issuer Tether for further comments but did not receive an immediate response.\nMagazine: The real risks to Ethena’s stablecoin model (are not the ones you think)","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2433494766"}