I stumbled upon a captivating news piece online titled 'Stablecoins Settled as Much Value as Visa in 2022.' It's quite intriguing. Lately, I've been engaged in discussions with my friends about the implications of the growing adoption of stablecoins as a payment option in the current global landscape. To me, it appears to be a positive trend for the world of cryptocurrenciesand us crypto users. More individuals are becoming acquainted with crypto, and it's increasingly becoming a preferred choice for many.

Personally, this development brings me a lot of satisfaction, particularly because my home country's currency faces significant challenges, making stablecoins an attractive alternative for storing value. Countries grappling with high inflation rates have already embraced stablecoins for mass transactions. Moreover, the adoption of stablecoins could potentially reinforce the position of the US dollar as a global currency since usdt is still one of the leading stablecoin.

Interestingly, beyond developed nations, Visa and Mastercard aren't as dominant. It seems that developing countries are embracing cryptocurrencies at a faster pace than Visa and Mastercard can penetrate. Particularly noteworthy is the utilization of stablecoins to combat local inflation. The traditional card systems rely on banks, and banks often struggle to provide services to lower-income individuals, whereas crypto presents a more suitable solution.

The concept of stablecoins being a gold mine for transaction fees is fascinating. This explains why Visa, Mastercard, and even PayPal are diving headfirst into the crypto realm. The trend is clear: stablecoins are on the rise, and it's only a matter of time before they become as common as gift cards.

For those seeking more information on this topic, you can check out the details through this link: [https://cryptopotato.com/stablecoins-settled-as-much-value-as-visa-in-2022-analysis/].
I'm still super excited and thrilled I can't wait to see how this affect the value of BTC and other crypto assets in the world or even better since more companies are diving into  creating more stablecoins and sooner or later another stablecoin might become more dominant that usdt or thether and we might have a non fait related stablecoin.

This is a summary of the article I read created by a bot the real new is in the link above.

Stablecoins have become a dominant force in the payments industry, settling over $11 trillion in value in 2022, according to a report by Brevan Howard. The report highlights that stablecoin adoption remained strong despite capital outflows from the crypto market. The majority of non-speculative activity in stablecoins is driven by fiat-backed tokens such as USDT, USDC, BUSD, and TUSD. Stablecoin volumes only fell 11% since December 2021, while weekly transactions increased by 25%. The total value settled through stablecoins last year approached that of Visa's $11.6 trillion figure. Ethereum accounts for 50% of stablecoin volume but only 3% of total transactions due to high transaction fees. Tron and Binance Smart Chain account for 75% of stablecoin transactions and 41% of volume. Tether's USDT dominates the stablecoin market, accounting for 69% of supply, 80% of weekly active addresses, and 75% of transactions.