Tether’s 2022 settlement volume flips Visa and Mastercard
Despite the challenges facing the crypto industry, stablecoins appeared to have thrived. Tether USDT processed $18.2 trillion in transactions in 2022, placing it ahead of traditional payment processors like Visa and Mastercard.
In comparison, Mastercard and Visa processed transactions worth $14.1 trillion and $7.7 trillion, respectively.