How Stablecoins Could Expand Into Payments Next Year

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. All right, let's take a look at the chart of the day as we head into 2024 investment houses are sharing their predictions for the new year. One of bit wise's predictions is that more money will settle using stablecoins than visa next year. In their crypto report called the year ahead 10 crypto predictions for 2024. The asset manager says with the crypto bull market returning to the use of stablecoins rapidly expanding into payments and remittances. We think 2024 will be another major year of growth. This chart shows visa payments volume versus stablecoin volume over the past seven years, both steadily growing from 2020 to 2022 2023. Data represented here shows Q one to Q three of this year. While they acknowledge that the prediction quote might sound crazy bit wise says stable coins are already closer than you'd think that's it for today's chart of the day. I'm Jen Sani. We'll see you next time to unpack more of the data behind top news stories