Stablecoins are the real success of the crypto. Over the past six years, stablecoins have silently become essential. Since 2019, people have used stablecoins to move 264.5 billions of dollars out of 18 billion transactions. For what? Stablecoins allow you to remember money without having to worry about volatility, making it the easiest way to store value and transform into the cryptographic economy.
Total Stablecoins market capitalization is more than $ 280 billion Source: Defillama
Why are Stablecoins popular at the moment?
We see a rush of companies launching stablecoins in the United States because the issuers finally took clarity with the adoption of the Act on Engineering in July 2025. For the first time, the US government has clearly defined which can issue stablescoins, which counts as a “stable payment”, and what obligations the transmitters have consumers.
Since the Genius Act was adopted, Metamask has deployed Musd, Stripe launched a payments to payments called tempo, Circle has announced their payment to the stable payment object of L1, Arc Network, and there has been a wave of acquisitions. Stablecoin’s infrastructure companies like Iron are broken, and traditional financing companies like Stripe spend greatly to buy crypto companies (private and bridge) from which they can fold their existing offers.
In addition, the channels launch their own stablecoins in order to capture more income from the yield they generate. Megaeth has his native stable, USDM. Hyperliquid launched the USDH, which sparked an auction war with Paxos, Agora, Sky and Frax in the running to get involved.
At this rate, it is easy to imagine a world where each serious crypto company finally emits its own stablecoin. What raises the obvious question: do we need more?
Why we need more stablescoins:
1. Financial inclusion: Even if the number of non -banished people falls, more than 1.3 billion remain without access to the bank, mainly in places with unstable currencies. The Stablecoins offer 24/7 access to online money, without borders. If companies like Paypal are pushing stablecoins directly to existing customers, they could aboard more people to use the global monetary rails of the crypto.
2. Diversity of currencies: In the real world, we have no currency. We have dollars, euros, yen. The same should be true. If everything settles in dollars, the whole economy of cryptography becomes dependent on American monetary policy. More ecunines means less break in a single standard.
3. Antérérié of risks: Right now, the Stablecoin markets are concentrated in the hands of a few great players. With more stablecoins, the risk of concentration decreases. If a transmitter is faced with technical, regulatory or solvency problems, users would have alternatives to pivot without destabilizing the wider ecosystem. More transmitters mean more redundancy, making the system safer.
Stablecoins quietly rewrite the rules of global finance. They give anyone who, anywhere, access to money that moves instantly, through borders, with incentives aligned on users rather than banks. The more competition, the better. If the crypto transforms the global economy, it will not be due to speculation. It will be due to the stablecoins.
