Brevan Howard venture capital head: The on-chain stablecoin trading volume in 2023 may exceed the total trading volume of Visa, Mastercard, and the other two major card networks

ChainCatcher news, Brevan Howard Digital's co-head of venture capital Peter Johnson tweeted an analysis stating that last year, stablecoin on-chain settlements exceeded $7 trillion, while the current run rate is about $9 trillion/year. This data far surpasses Mastercard (approximately $2.2 trillion), American Express (approximately $1 trillion), and Discover (less than $200 billion). By 2023, on-chain stablecoin transaction volume will exceed that of the largest card network, Visa, which processes about $12 trillion annually.

Peter Johnson expects that in 2023, on-chain stablecoin transaction volume will not only surpass Visa's transaction volume but is also likely to exceed the total transaction volume of all four major card networks (Visa, Mastercard, AmEx, and Discover). (source link)