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Daren Matsuoka
@darenmatsuoka
Stablecoins now present what I believe is the first credible opportunity to onboard a billion people into crypto. If you haven’t checked in on the latest stablecoin data recently, you might be surprised. Stablecoins have done $33 trillion in transaction volume in the last 12 months, consistently hitting new all time highs. To put that into perspective, that’s close to 20 times the volume of PayPal, close to 3 times the volume of Visa, and quickly approaching the volume of ACH. It’s incredible to see stablecoins in the mix among these massive global payment networks that have been around for decades.
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Daren Matsuoka pfp
Daren Matsuoka
@darenmatsuoka
A result of all this stablecoin growth is $128 billion of U.S. treasuries held by stablecoins. That makes them a top 20 holder of US debt, ahead of entire countries like Saudi Arabia, South Korea, UAE, and Germany. And this has all happened in only a decade. Citi bank recently projected that by 2030, stablecoins could reach $3.7 trillion in treasuries making it the largest holder at the top of this list.
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Daren Matsuoka pfp
Daren Matsuoka
@darenmatsuoka
Stablecoin supply is at an all-time high, and another great stat is that over 1% of the total US dollar supply is now tokenized as stablecoins. On the issuer side, it’s a two horse race between USDC and Tether. On the infrastructure side, Ethereum and Tron continue to dominate. But if you zoom into the recent months, we are seeing some notable growth on chains like Solana, Arbitrum, and Base.
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