I came across some excellent analytics from @artemis: Adjusted Stablecoin Volume vs Other Financial Systems
Interestingly, in 2021, stablecoins caught up with @Visa in terms of volume for the first time. And only in March 2024 did they manage to surpass them (stablecoins - $1.4T, Visa - $1.3T) and showed a significant lead over Visa for 4 months. But in July, they let them pass again.
The next significant jump was in November 2024, when the gap between stablecoins and Visa was $500B (*currently, the gap is $2.5T).
What's next?
Only ACH is ahead, and the gap is $3.7T, but if the current growth trend in stablecoins continues, I predict that we will see a new leader as early as September 2026, when stablecoins will have $8T and ACH will have $7.8-$7.9T in volume.

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