“In 2022, stablecoins settled over $11t on-chain, dwarfing the volumes processed by Paypal ($1.4t), almost surpassing the payment volume of Visa ($11.6t), and reaching 14% of the volume settled by ACH, and over 1% the volume settled by Fedwire,” the authors wrote.
Stablecoins Like USDT, USDC Provide an Escape From High-Inflation Currencies: Brevan Howard Digital
