The stablecoin sector has gained significant attention in the global financial realm, with stablecoins surpassing Mastercard and Visa in terms of transaction volume in 2024, reaching $27.6 trillion. This signifies a shift towards blockchain-based assets and highlights the dominance of stablecoins over traditional financial networks. Tether (USDT) remains the dominant stablecoin but has seen a decrease in market share from 70.5% to 67.7%, while USD Coin (USDC) has seen an increase from 18.4% to 21.5% due to demand from the DeFi sector. Solana has emerged as the blockchain with the largest stablecoin transfer volume, outperforming Tron and Ethereum. The stablecoin landscape has also seen a boom in algorithmic trading, with trading bots accounting for 70% of all stablecoin transfers, and Base and Solana facilitating 98% of automated trades. Overall, stablecoins have seen broad adoption, surpassing traditional financial methods.



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