Stablecoins vs Visa: $14 Billion in New Issuance Shifts Momentum in Crypto

The cryptocurrency landscape is witnessing a significant shift as stablecoin issuance reaches unprecedented levels. Recent data indicates that over $14 billion in stablecoins have been minted since the market downturn, surpassing even Visa’s transaction volumes. With major players like USDC, USDT, and PayPal’s PYUSD leading the way, the adoption of stablecoins continues to grow rapidly.

Key Takeaways

Standard Chartered predicts that the real-world assets market will reach $2 trillion, largely driven by stablecoins.
Major stablecoins such as USDC and USDT are firmly positioned in the $1 billion-plus category, while newer entrants like USDG and BUIDL range between $100 million and $1 billion.
Stablecoins are experiencing a surge in transaction volumes that have recently overtaken those of Visa's.
Circle minted an impressive $750 million in USD Coin (USDC) in just a matter of hours, contributing to the overall growth.
The supply of tokenized dollars on the Solana blockchain is also increasing, showcasing its growing market presence.

$14B in new stablecoins minted since market crash - Numbers surpass Visa!

The Resurgence of Capital in Crypto

The flow of capital into stablecoins is on the rise, with issuance accelerating in recent weeks. Circle added an additional $750 million of USDC within hours, reinforcing a continuous trend of $250 million batches produced throughout the month. In total, Tether (USDT) and other issuers have minted over $14 billion in new stablecoins since the market experienced a downturn.

stablecoins

The movement of capital back into cryptocurrency is becoming increasingly evident. Standard Chartered has estimated that the Real-World Assets market may reach $2 trillion by 2028, with stablecoins playing a significant role alongside money market funds, equities, and income-generating real estate. However, regulators remain cautious as decentralized finance (DeFi) begins to delve deeper into off-chain assets.

Recent data indicates that the average transaction volumes of stablecoins over the past 30 days have surpassed those of Visa.

Expansion of Solana's Tokenized Dollar Ecosystem

The tokenized asset economy within Solana is rapidly expanding, as evidenced by the latest market-cap data.

stablecoins

Prominent stablecoins like USDC, USDT, and PayPal's PYUSD continue to dominate the $1 billion-plus segment on Solana’s market-cap ladder. Meanwhile, newcomers including USDG, BlackRock's BUIDL, and Ondo Finance's USDY have successfully entered the $100 million to $1 billion range.

Data from DeFiLlama supports the ongoing trend, showing that the total stablecoin supply across various chains is nearing all-time highs, with Solana capturing a significant portion of the recent growth. With USDT dominance remaining above 60% and new issuances continuously entering the market, Solana is solidifying its status as a preferred platform for tokenized dollars and real-world asset issuers.