Tether USDT handled $18.2 trillion in transactions in 2022, surpassing more reputable payment processors like Visa and Mastercard, according to a tweet from January 14.
Mastercard and Visa processed transactions of $14.1 trillion and $7.7 trillion, respectively, in comparison.
The enormous Tether transaction volume serves as evidence of the stablecoin market's rapid growth over the previous several years. The success of stablecoins appears to have occurred despite the current challenges facing the crypto industry.
