Stablecoin Usage Outpaces Visa — Or Does It? Industry Voices Doubt
Recent headlines tout a major milestone for the cryptocurrency world: stablecoin transactions in 2024 reportedly outpaced Visa’s annual volume, hitting a staggering $13.5 trillion. But as the hype grows, so does the skepticism. Industry experts are urging caution, warning that much of this volume may be inflated by bots, wash trades, and flash loans—activities that…