CEO of Coinbase, the US-based giant cryptocurrency exchange Brian ArmstrongIn his post on the X platform, he included a striking graph about Visa’s transaction volume. In the chart shared by Armstrong, while there is no significant increase in Visa’s annual transaction volume from 2013 to 2023, it is seen that there is a rapid increase in the transaction volume of stablecoins. The transaction volume of stablecoins, which has been rising steadily since mid-2016, has approached the volume of Visa.
Rapid Increase in Trading Volume of Stablecoins
stablecoinThe annual transaction volume of ‘s has increased rapidly, especially after 2016. Visa’s transaction volume remained stagnant in the same period, confirming that the popularity and usage areas of stablecoins are expanding. This steady rise of stablecoins cryptocurrencyIt shows that financial institutions are increasing their influence in the financial world.
This trend, highlighted by Armstrong in his post, reveals that digital payment systems have become competitive with traditional financial channels. This situation will affect stablecoins in the future. Visa It indicates the potential to reach the volume of well-established financial systems such as.
Transaction Volume of Bitcoin and PayPal
Also in the chart Bitcoin 
$89,143Fluctuations in the annual transaction volume of (BTC) are also noticeable. Bitcoin’s transaction volume, which has been increasing steadily since 2013, generally maintains its upward trend, although it has experienced a decrease around 2021. Current annual transaction volume of Bitcoin PayPal It has reached similar levels with . This increase in Bitcoin’s transaction volume means that cryptocurrencies are not only an investment tool but also an investment tool. means of payment It also shows that it is beginning to be accepted as such.
The chart also includes annual transaction volume of other financial systems such as Fedwire and ACH. However, the transaction volumes of these traditional systems remain quite high compared to the volume of cryptocurrencies such as stablecoins and Bitcoin.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
