Global Stablecoin Supply Rises 33% in 2024, Surpassing $304 Billion

Delphi Digital reports monthly adjusted stablecoin volumes now exceed those of payment giants Visa and PayPal, marking a significant growth milestone.

Summary

Total stablecoin supply has grown 33% this year, surpassing $304 billion, according to Delphi Digital. The firm also notes that monthly adjusted stablecoin transaction volumes now exceed those handled by global payment companies Visa and PayPal.

Terms & Concepts
  • Stablecoin: A cryptocurrency pegged to a stable asset, such as the US dollar, to minimize price volatility.
  • Adjusted Volume: A metric that filters out certain transaction types, providing a clearer view of genuine economic activity.