Stablecoin transaction volumes hit $752B in May, FT reports

Stablecoin transaction volumes hit $752B in May, up from $409B in May 2024, and wallets that regularly send and receive payments hit a record 46M average, according to data from Visa (V), The Financial Times’ Philip Stafford reports. Publicly traded companies in the space include Bit Digital (BTBT), Bitfarms (BITF), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Mara Holdings (MARA), Riot Platforms (RIOT), Strategy (MSTR), Stronghold Digital Mining (SDIG) and TeraWulf (WULF).