Stablecoin payments soar past $5T while FX fees fall behind

Description

New data from Visa and blockchain analytics firm Allium shows that stablecoins transactions have eclipsed $5 trillion across one billion payments this year. These tokens are now jointly worth 47% more at a value of $255 billion since Donald Trump was declared the victor in the 2024 U.S. presidential election last November. Analysts linked the jump to investor excitement, greater regulatory clarity, and new corporate use cases. Stablecoins are finally delivering on their long-touted promise : off...