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Tether processed more settlements than Visa and Mastercard in 2022

Photo of Flavien FlavienJanuary 17, 2023
Less than a minute
Stacks of Tether coins

Despite the difficulties faced by the oldest stablecoin, Tether processed higher amounts in 2022 than payment giants Visa and Mastercard. Although the market conditions have not been ideal throughout last year, $18.2 trillion were processed by Tether, compared to $14.1 trillion and $7.7 trillion for Visa and Mastercard respectively.

This goes to show that adoption of stablecoins is increasing. The collapse of Terra and FTX caused trouble for the biggest stablecoin in terms of market cap. USDT lost its peg to the U.S. dollar at some point, and there were concerns over the solvency of USDT.

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Photo of Flavien FlavienJanuary 17, 2023
Less than a minute
Photo of Flavien

Flavien

Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
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