According to Delphi Digital's Annual Infrastructure Outlook for 2026, stablecoins have become the most important infrastructure focus in the crypto space. This year, total stablecoin supply has increased by 33%, surpassing $304 billion; adjusted monthly trading volume has now surpassed Visa and PayPal; stablecoins hold US Treasury bonds at $133 billion, making them the 19th largest holder of US Treasuries.
The irony, the report notes, is that today crypto companies are competing around traditional payment channels, and stablecoin top-up cards circulating through the Visa network are an important step, but they have not yet created a new paradigm. Without a solution that can control daily consumption and storage independently, many competitors will eventually be eliminated. Traditional giants have noticed this trend. Stripe has integrated the US dollar stablecoin USDB after acquiring Bridge; PayPal has launched PYUSD; and Klarna has just announced the launch of KlarnaUSD. When fintech companies issue stablecoins, the battle for the market has already begun. The real winners will be those who can revolutionize the underlying payment architecture, not just optimize the interface on it.
Report: Monthly adjusted stablecoin transactions have surpassed Visa and PayPal
2025-12-18 05:46:55
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