Stablecoin transaction value exceeded Mastercard and Visa by 200% and 119% respectively in 2024, reaching $15.6tn, a two-year bear market failed to interrupt stablecoin growth, reaching a five-year high with 100mn monthly stablecoin transactions. Tether & Circle account for 90% of the total supply, together they generated revenues of $3.35bn, while Tether profited $5.2bn during the first half of 2024. USDT, USDC, DAI/USDS, and USDE collectively growing. US Senator Bill Hagerty proposes bill to create regulatory framework for stablecoin use to reinforce the dollar's dominance and make US a crypto capital.