Gate News message, April 26 — According to a report from a16z crypto researchers Robert Hackett and Jeremy Zhang, stablecoins are evolving from early-stage trading instruments and savings vehicles into core financial infrastructure. The U.S. GENIUS Act has established the first federal stablecoin issuance framework, while Europe’s MiCA regulation, though causing USDT delisting on some exchanges, has catalyzed sustained demand for non-USD stablecoins with monthly trading volumes ranging from $15 billion to $25 billion.
Usage metrics show significant growth: consumer-to-merchant (C2B) stablecoin transaction volume surged 128% year-over-year in 2025, reaching 284.6 million transactions. Stablecoin velocity increased from 2.6x in early 2024 to 6x currently, indicating higher payment frequency relative to holdings. Excluding trading and financial flows, an estimated $350 billion to $550 billion in stablecoin activity in 2025 represents genuine payment use cases.
Geographically, nearly two-thirds of stablecoin payment volume originates from Asia (primarily Singapore, Hong Kong, and Japan), with North America accounting for approximately one-quarter and Europe about 13%. Notably, cross-border transactions are declining as a share of total volume, with domestic transactions rising from roughly 50% in early 2024 to nearly 75% by early 2026. Brazil-pegged BRLA has seen monthly transfer volumes reach approximately $400 million, exemplifying the rise of localized stablecoin payments.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
79% of Global Crypto ATMs Located in United States
Gate News message, April 25 — According to Cointelegraph, 79% of crypto ATMs worldwide are located in the United States.
GateNews9h ago
JPMorgan ETF Trend Report: API-ification, Active Management at 83%, Tokenization Split into Two Paths—Synthetic and Native
JPMorgan Chase’s report highlights three major trends: 1) AP’s API automated trading accounts for about 50% of top-tier market traffic; 2) in 2025, actively managed ETFs make up 83% of new issuance, and are expected to become mainstream in 2026–27; 3) tokenization splits into two paths: synthetic (mirroring prices through derivatives) and native (issued on the blockchain). The report emphasizes improving transparency and governance with tools such as Athena, and monitors subsequent follow-through and the timeline toward formal productization.
ChainNewsAbmedia12h ago
a16z Report: Stablecoins Reach $4.5T in Q1 Transactions, Shift to Local Payments
Gate News message, April 25 — According to a new a16z report, stablecoins have evolved from crypto settlement tools into global financial infrastructure, with adoption accelerating across Asia, Brazil, and other emerging markets. The shift in focus has moved from cross-border to local payments as re
GateNews18h ago
Kelp DAO 漏洞救援：Mantle 擬貸 Aave 3 萬 ETH、DeFi 聯盟承諾逾 43,500 ETH
After the Kelp DAO cross-chain bridge was hacked, DeFi United mobilized agreements from protocols including Aave to commit 43,500 ETH (about $101 million) to provide relief for bad debts. Mantle proposed MIP-34, offering to lend up to 30,000 ETH to the Aave DAO and granting 130,000 AAVE voting rights; Stani Kulechov personally injected 5,000 ETH, and Lido and others also contributed. This move is seen as an experiment in “exchanging loans for governance rights” during a crisis, pending a vote.
ChainNewsAbmedia04-24 15:28
Morgan Stanley launches its first GENIUS Act-compliant stablecoin reserve fund MSNXX: annual fee 0.15%, minimum $10,000,000
Morgan Stanley Investment Management today launches the MSNXX stablecoin reserve fund, providing asset management for stablecoin issuers. The assets are invested in cash, 93-day U.S. Treasury bills, and overnight repurchase agreements. The NAV is fixed at $1.00, with an annual fee of 0.15%, and a minimum threshold of $10 million. This fund complies with the GENIUS Act requirements, integrating stablecoin funding into the U.S. government money market fund framework, demonstrating that stablecoin infrastructure is aligning with traditional finance.
ChainNewsAbmedia04-24 15:24
Algorand, Aptos Lead Quantum Security Race: Coinbase Report
Coinbase's Quantum Advisory Council has identified Algorand and Aptos as the Layer-1 networks best positioned to handle future quantum computing threats, according to a report cited on April 24, 2026. While large-scale quantum risks remain years away, the report emphasizes that preparation is
CryptoFrontier04-24 07:32
