Coinbase CEO: Stablecoin annual transaction volume is approaching that of payment giant Visa

Odaily News Coinbase CEO Brian Armstrong posted on the X platform: "Interesting data about payment giant Visa." The accompanying picture shows that the annual transaction volume of payment giant Visa has hardly increased significantly from 2013 to 2023. On the contrary, the annual transaction volume of stablecoins has been rising since mid-2016, and by 2023 it has been close to Visa's transaction volume. In addition, the annual transaction volume of Bitcoin has been increasing since 2013, but it has declined around 2021, and in 2023 it is comparable to PayPal's transaction volume.