Stablecoin volume hit $46T in past year, 3x Visa's

Stablecoin transaction volume over the past year reached $46 trillion, three times the volume of global payments giant Visa, Andreessen Horowitz (a16z) Crypto said in a report. The report noted that the growth of stablecoins is the best indicator of the crypto market's maturity, adding that while stablecoins were previously used mainly for transactions tied to speculative trading, they have established themselves over the past two years as a fast and cheap alternative to the U.S. dollar.