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<span class="qa-q-view-when-data"><time itemprop="dateCreated" datetime="2023-01-17T19:47:27+0000" title="2023-01-17T19:47:27+0000">Jan 17</time></span>
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<p>The USDT stablecoin outperforms both MasterCard and Visa in transaction settlement volume</p>
<p>Several recent crypto reports have shown that the stablecoin USDT is outperforming both MasterCard and Visa in terms of transaction settlement volume.</p>
<p>What shows the volume and value of USDT in the global digital economy.</p>
<p>Tether (USDT), the dominant stablecoin, has outperformed leading payment companies MasterCard and Visa by surpassing both in the volume of transactions processed.</p>
<p>According to a tweet from USDT, Tether handled $18.2 trillion worth of transactions in 2022, while MasterCard processed $14.1 trillion and Visa processed $7.7 trillion.</p>
<p>Data was obtained from the Coingecko, MasterCard, and Visa websites.</p>
<p>This news indicates that the use of stablecoins is on the rise.</p>
<p>Despite the overall challenges faced by the cryptocurrency market in 2022, the increasing use of stablecoins highlights the continued growth of the blockchain industry.</p>
<p>While owning and using USDT does not provide exposure to the volatile crypto market, it does allow users to benefit from the improved speed and privacy of blockchain technology.</p>
<h3><span style="color:#d35400"><strong>The crypto community has mixed reactions:</strong></span></h3>
<p>While USDT's recent achievement is very impressive, it has been met with mixed reactions on Twitter, with some pointing out fake volume and others dismissing the veracity of the data.</p>
<p>Notably, many users in the crypto market do not trust USDT, citing its lack of transparency.</p>
<p>Tether is responsible for regularly issuing large amounts of money on the blockchain, with many accusing it of printing money at will without covering it with real money.</p>
<p>While the USDT coin addressed these concerns, it also failed to undergo public scrutiny to ensure that USDT reserves match USDT in circulation.</p>
<p>In October 2021, Tether was fined $41 million by the CFTC, which stated that the company only held enough reserves to support its stablecoin by 27.6% between 2016 and 2018.</p>
<p>The catastrophic collapse of Terra in May and the collapse of FTX in November leveled the playing field for other stablecoin competitors.</p>
<p>Daily transactions made using Circle coins (USDC) on the Ethereum network have increased exponentially since the FTX crash and often exceed those of USDT by several times.</p>
<p>Many in the crypto community believe that USDC is the safer alternative, as Circle provides the results of monthly audits conducted by global accounting firm Grant Thornton.</p>
<p>However, USDT remains the most valuable stablecoin and the third largest cryptocurrency overall, with a market capitalization of $66.4 billion, according to CoinMarketCap data.</p>
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<span class="qa-a-item-when-data"><time itemprop="dateCreated" datetime="2023-01-17T19:47:36+0000" title="2023-01-17T19:47:36+0000">Jan 17</time></span>
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<h2><span style="color:#d35400"><strong>USDT outperforms both MasterCard and Visa in terms of transaction settlement</strong></span></h2>
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Login Remember * Register Digital Currency News * Questions * Unanswered * Tags * Users * Ask a Question Ask a Question USDT OUTPERFORMS BOTH MASTERCARD AND VISA IN TERMS OF TRANSACTION SETTLEMENT 0 votes asked Jan 17 in general by admin (1.1k points) The USDT stablecoin outperforms both MasterCard and Visa in transaction settlement volume Several recent crypto reports have shown that the stablecoin USDT is outperforming both MasterCard and Visa in terms of transaction settlement volume. What shows the volume and value of USDT in the global digital economy. Tether (USDT), the dominant stablecoin, has outperformed leading payment companies MasterCard and Visa by surpassing both in the volume of transactions processed. According to a tweet from USDT, Tether handled $18.2 trillion worth of transactions in 2022, while MasterCard processed $14.1 trillion and Visa processed $7.7 trillion. Data was obtained from the Coingecko, MasterCard, and Visa websites. This news indicates that the use of stablecoins is on the rise. Despite the overall challenges faced by the cryptocurrency market in 2022, the increasing use of stablecoins highlights the continued growth of the blockchain industry. While owning and using USDT does not provide exposure to the volatile crypto market, it does allow users to benefit from the improved speed and privacy of blockchain technology. THE CRYPTO COMMUNITY HAS MIXED REACTIONS: While USDT's recent achievement is very impressive, it has been met with mixed reactions on Twitter, with some pointing out fake volume and others dismissing the veracity of the data. Notably, many users in the crypto market do not trust USDT, citing its lack of transparency. Tether is responsible for regularly issuing large amounts of money on the blockchain, with many accusing it of printing money at will without covering it with real money. While the USDT coin addressed these concerns, it also failed to undergo public scrutiny to ensure that USDT reserves match USDT in circulation. In October 2021, Tether was fined $41 million by the CFTC, which stated that the company only held enough reserves to support its stablecoin by 27.6% between 2016 and 2018. The catastrophic collapse of Terra in May and the collapse of FTX in November leveled the playing field for other stablecoin competitors. Daily transactions made using Circle coins (USDC) on the Ethereum network have increased exponentially since the FTX crash and often exceed those of USDT by several times. Many in the crypto community believe that USDC is the safer alternative, as Circle provides the results of monthly audits conducted by global accounting firm Grant Thornton. However, USDT remains the most valuable stablecoin and the third largest cryptocurrency overall, with a market capitalization of $66.4 billion, according to CoinMarketCap data. PLEASE LOG IN OR REGISTER TO ANSWER THIS QUESTION. 1 ANSWER 0 votes answered Jan 17 by admin (1.1k points) Best answer USDT OUTPERFORMS BOTH MASTERCARD AND VISA IN TERMS OF TRANSACTION SETTLEMENT PLEASE LOG IN OR REGISTER TO ADD A COMMENT. Welcome to Digital Currency News, where you can ask questions and receive answers from other members of the community. RELATED QUESTIONS 0 votes 1 answer 14 years have passed since the inception of Bitcoin and the crypto market in general.. asked Jan 7 in general by admin (1.1k points) 0 votes 1 answer The number of Bitcoin ATMs around the world and the process of installing them has increased over the years asked Dec 20, 2022 in general by admin (1.1k points) 0 votes 1 answer The total value of the crypto market reaches $1 trillion asked Jan 17 in general by admin (1.1k points) 0 votes 1 answer Investment flow into cryptocurrencies is down to its lowest level in three years asked Jan 7 in general by admin (1.1k points) 0 votes 1 answer Bitcoin data shows a sharp decline in selling…is there a recovery soon? asked Jan 7 in general by admin (1.1k points) * Send feedback Snow Theme by Q2A Market Powered by Question2Answer ...