According to Blockchain.com research, 40% of users are ready to buy cryptocurrency in 2023

Stablecoins continue to play an important role in the cryptocurrency economy. Against the background of the ongoing decline, the volumes of these assets still dominate most platforms. Analysts at Coin Metrics believe that stablecoin settlements could outperform popular card services next year.

In 2022, the volume of transactions in stablecoins amounted to more than $7 trillion, by the beginning of 2023 this figure could reach $8 trillion. At the same time, for example, Visa processes about $12 trillion a year.

Brevan Howard Digital top manager Peter Johnson noted that the volume of transactions in stablecoins was already higher than that of Mastercard and American Express. He also believes stablecoin settlement volumes will surpass Visa’s next year.

According to Johnson, the volume of transactions in stablecoins may be even greater than that of the most popular card services combined — Visa, Mastercard, AmEx and Discover. Top manager of Brevan Howard Digital noted that “this is only the volume of settlements within the network, and does not include the volume of trading on centralized exchanges.”

In terms of market cap valuation, stablecoins now make up about 16.5% of the total number of digital assets. According to CoinGecko, the value of all stablecoins has reached nearly $140 billion.

And the results of a new Blockchain.com survey showed that more than 40% of platform users are ready to buy cryptocurrencies in 2023. More than 40 thousand people took part in the study.

Analysts also reminded that this year was a period of massive sale in the digital asset market, whose capitalization decreased by almost 70%. However, the survey showed that crypto enthusiasts do not lose hope. 41% of respondents reported that they intend to acquire digital assets even before the end of this year.