Transfer volume vs card networks
Annual stablecoin transfer volume vs Visa / Mastercard, USD trillions.
About this data
Headline annual stablecoin transfer volume has at times exceeded Visa and Mastercard combined — but a large majority is bot, exchange, and arbitrage activity rather than organic payments. The figure should be read with that caveat, which is noted on the chart.
Stablecoin on-chain transfers vs Visa / Mastercard, USD trillions.
View data & sources →Data table
| visa | month | series | mastercard | source_ref | stablecoins | value_basis |
|---|---|---|---|---|---|---|
| 15.7 | 2024 | transfer_volume | 9.8 | cryptoslate-volume | 27.6 | 2024 stablecoin transfer ~$27.6T vs Visa ~$15.7T, Mastercard ~$9.8T (CryptoSlate/Visual Capitalist). Note: ~70% of stablecoin volume is bot/exchange activity, not organic payments. |
Methodology & sources
Last updated: Jul 17, 2026Methodology
Source-backed values are seeded for all five charts: stablecoin market cap by issuer (2024 → 2026), issuer share over time, annual transfer volume vs card networks, the GENIUS Act compliance timeline, and reserve composition by issuer. Every numeric point carries a sources[].ref and a value_basis. Totals are from DefiLlama and CoinGecko; per-issuer figures from issuer data, with the "others" bucket by deduction (labeled). Reserve splits are from Tether’s BDO attestation and Circle’s reserve disclosures. CAVEAT: 2024 transfer volume (~$27.6T) exceeds Visa+Mastercard, but ~70% of stablecoin volume is bot/exchange activity rather than organic payments — noted on the chart’s value_basis. The GENIUS timeline is shown as days from 2026-06-16; each milestone’s absolute date is in its value_basis. Re-verified 2026-06-15.
Sources
- CryptoSlate / Visual Capitalist — transfer volume ↗ Public report
Comparisons are informative, not definitive. See each source for definitions and limits.