#Stablecoin Latest News
1. Market Structure Remains Highly Concentrated
USDT leads with approximately 62% market share, while USDC holds about 26%. On the issuance side, the US accounts for approximately 93% of the market share, with a total stablecoin market capitalization of approximately $279.1 billion.
2. Stablecoins Have Become Settlement Networks
By 2025, on-chain stablecoin transaction volume will exceed $40 trillion. The truly winning solutions are concentrated in scenarios such as settlement, fund management, payroll, and payments, and have built-in compliance and monitoring capabilities.
3. Unit Economics are Key to Opening Real Payment Corridors
In markets where traditional financial channels are slow and costly, stablecoin payments can be settled within minutes at costs 58% to 94% lower. The best entry point is in corridors with the most correspondent banking friction, including high fees, frequent interruptions, and opaque foreign exchange pricing.
4. Regulatory Clarity Has Arrived
In Europe, regulatory pressure from MiCA has directly led to exchanges delisting some assets. In the United States, the GENIUS Act establishes federal-level requirements such as 100% liquidity reserve backing and monthly public disclosure. More details can be found in the full report.
5. Banks are actively issuing and partnering.
In 2025, ten banks launched stablecoin products, such as JPM Coin or JPMD, Société Générale's EURCV, and Western Union's USDPT.
6. Payment giants are attempting to control distribution channels.
Visa launched the Visa Direct pilot, allowing businesses to directly issue USDC to wallets. Mastercard and Thunes announced near-real-time stablecoin wallet payments through the Thunes network.
7. Merchant adoption data is quantifiable.
By 2025, stablecoins accounted for 30% of the number of crypto orders processed and 48% of the order value. Since 2021, 25.7% of all transactions have been completed via stablecoins.
8. Cards are a core consumer-facing entry point.
Leading stablecoin card issuers and platforms include Rain, Bastion, Bridge, Rizon, and KAST, while Coinbase, Binance, and Wirex have also established mature card ecosystems.
Many of these products emphasize direct stablecoin spending at over 150 million merchants through the Visa and Mastercard networks.
2026 Outlook: Growth will continue, but there is a risk of high concentration, for example, over 85% of the market capitalization is concentrated in USDT and USDC. The next phase of stablecoin success will be determined by trust, interoperability, and operational depth.
