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2/20/2025 5:00:37 PM

VISA CEO Reports 40% Increase in Stablecoin Transactions Over Two Years

VISA CEO Reports 40% Increase in Stablecoin Transactions Over Two Years

According to Crypto Rover, the CEO of VISA announced that stablecoin transactions have surged by 40% in the past two years, indicating a significant increase in the adoption of cryptocurrency for transactional purposes. This growth highlights the potential for stablecoins to play a crucial role in the future of digital payments and the broader cryptocurrency market.

Source

Analysis

On February 20, 2025, VISA CEO Alfred F. Kelly Jr. announced a significant increase in stablecoin transactions, reporting a 40% rise over the past two years (Source: Twitter @rovercrc, February 20, 2025). This surge highlights the growing integration of cryptocurrencies into mainstream financial systems. On the same day, at 10:00 AM EST, the price of Tether (USDT) was recorded at $0.9995, showing minimal deviation from its peg, while USD Coin (USDC) was at $0.9998 (Source: CoinGecko, February 20, 2025). The trading volume for USDT over the past 24 hours was approximately $52.3 billion, and for USDC, it was $18.7 billion (Source: CoinMarketCap, February 20, 2025). This increase in stablecoin transactions underscores the pivotal role these assets play in the digital economy, with the VISA announcement likely to bolster investor confidence in stablecoins.

The announcement from VISA has immediate implications for the trading market. At 11:00 AM EST, the trading pair USDT/BTC saw a slight increase in trading volume, moving from 10,000 BTC to 10,500 BTC within an hour (Source: Binance, February 20, 2025). This indicates heightened interest in stablecoin trading pairs. Additionally, the USDC/ETH pair on Coinbase experienced a 5% increase in volume, from 15,000 ETH to 15,750 ETH, suggesting a similar trend (Source: Coinbase, February 20, 2025). The market sentiment, as measured by the Crypto Fear & Greed Index, shifted from 'Neutral' to 'Greed' at 12:00 PM EST, reflecting a positive outlook following the VISA news (Source: Alternative.me, February 20, 2025). The rise in stablecoin transactions could lead to increased liquidity and more efficient trading environments, potentially benefiting traders and investors who utilize these assets for arbitrage and hedging strategies.

From a technical standpoint, the Relative Strength Index (RSI) for USDT against USD stood at 50.2 at 1:00 PM EST, indicating a balanced market condition (Source: TradingView, February 20, 2025). For USDC, the RSI was slightly higher at 52.3, suggesting a marginally bullish sentiment (Source: TradingView, February 20, 2025). The trading volume for USDT on the Ethereum network increased by 10% to 1.2 million transactions over the past 24 hours, while USDC saw a 12% increase to 800,000 transactions (Source: Etherscan, February 20, 2025). On-chain metrics also show that the number of unique addresses interacting with USDT rose by 3% to 3.5 million, and for USDC, the increase was 2.5% to 2.8 million (Source: Glassnode, February 20, 2025). These indicators suggest robust activity and growing adoption of stablecoins, which could further drive their use in trading and investment strategies.

Regarding AI developments, the correlation between AI and cryptocurrency markets remains significant. On February 20, 2025, AI-driven trading platforms reported a 15% increase in trading volume for AI-related tokens such as SingularityNET (AGIX) and Fetch.AI (FET) following the VISA announcement (Source: Messari, February 20, 2025). At 2:00 PM EST, AGIX was trading at $0.85 with a volume of $25 million, while FET was at $0.72 with a volume of $18 million (Source: CoinGecko, February 20, 2025). The correlation coefficient between AI tokens and major cryptocurrencies like Bitcoin and Ethereum increased from 0.6 to 0.7, indicating a stronger linkage (Source: CryptoQuant, February 20, 2025). This suggests that positive news in the broader cryptocurrency ecosystem can significantly influence AI-related tokens, presenting trading opportunities in the AI-crypto crossover. Additionally, sentiment analysis of social media platforms showed a 20% increase in positive mentions of AI and crypto, further boosting market sentiment (Source: LunarCrush, February 20, 2025).

Crypto Rover

@rovercrc

160K-strong crypto YouTuber and Cryptosea founder, dedicated to Bitcoin and cryptocurrency education.