Stablecoins have made a huge impact in the payments industry, settling more than $11 trillion in value in 2022, rivaling Visa’s $11.6 trillion. This is according to a report by European hedge fund Brevan Howard.The report found that over 25 million blockchain addresses held more than $1 in stablecoins, with the majority of these being fiat-backed, such as USDT, USDC, BUSD, and TUSD. It was also revealed that the majority of stablecoin users in 2022 were small or retail investors, with 75% of weekly active stablecoin addresses conducting transactions of less than $1000.Stablecoin volumes only dipped 11% since December 2021, while broader centralized and decentralized exchange volumes plunged 64% and 60%, respectively. Ethereum settled 50% of all stablecoin volumes, but only contributed to 3% of total transactions due to its high transaction fees. Tron and Binance Smart Chain (BSC) combined powered 75% of all stablecoin transactions, equating to 41% of the total volume.Tether’s USDT was the leader in 2022, commanding 69% of the total stablecoin supply, 80% of weekly active addresses, and 75% of the transaction pie. Despite the success in 2022, stablecoins are trailing behind Mastercard year-to-date in 2023 due to crypto market cycles and a challenging U.S. regulatory climate. However, Brevan Howard’s projections suggest that stablecoins might surpass Bitcoin users within five years, driven by payment integrations and groundbreaking innovations.

Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	9
People	Peter Johnson, Sai Nimmagadda
Companies	Visa, Paypal, Mastercard, Brevan Howard, Tether, Ethereum, Tron, Binance Smart Chain (BSC)
Currencies	USDT, USDC, BUSD, TUSD, Bitcoin, Ethereum
Securities	None