Tether USDT processed $18.2 trillion in transactions in 2022, placing it ahead of traditional payment processors like Visa and Mastercard, according to a January 14 tweet.
In comparison, Mastercard and Visa processed transactions worth $14.1 trillion and $7.7 trillion, respectively.
Tether’s high transaction volume testifies to the massive growth of stablecoins over the past years. Despite the challenges facing the crypto industry, stablecoins appeared to have thrived. Стаблецоин adoption grew in countries where the current economic situation has placed their national fiat currency at a disadvantage.
Source: https://beincrypto.com/tethers-2022-settlement-volume-flips-visa-and-mastercard/