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Stablecoins, blockchain-based tokens pegged to traditional currencies, processed $27.6 trillion in transaction volume in 2024, surpassing Visa and Mastercard combined. Their total circulation has exceeded $215 billion. This shift mirrors the evolution of credit card networks, transforming the financial landscape by offering faster, cheaper transactions.
Recent legislative changes, including the GENIUS Act and the anticipated CLARITY Act, are paving the way for mass adoption of stablecoins. With clear regulations expected by late 2025 or early 2026, stablecoins could capture up to 25% of cross-border payments by 2030, translating to over $55 trillion in annual flows.
The stablecoin market is positioned for rapid growth as businesses and consumers realize their benefits over traditional banking systems, driven by the need for instant, accessible, and reliable payment solutions.
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