The Ledger
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Chamath notes Q2 2024 stablecoin volume surpassed double Visa's transaction volume
“Stablecoin usage. At the end of the second quarter of 2024 was about 1.1 billion transactions that summed to 8.5 trillion dollars of transaction volume. If you compare that to Visa over the same period, it was more than double Visa's transaction volume.”
Calacanis: Financial stocks fell up to 8% following viral AI report
“After this piece came out, which speculated that agents would get rid of all the three percent interchange fees and move everybody to settle transactions on stablecoins, all the financial stocks got hit on Monday. Amex down eight percent, Capital One down eigh…”