New data from Visa and Blockchain Analytics Firm Allium shows that Stablecoins transactions are covering $5 trillion in $1 billion in payments this year.
These tokens are now Joint Since Donald Trump was declared the winner of the 2024 US presidential election last November, it has grown 47% at a value of $255 billion. Analysts linked investor excitement, increased regulatory clarity and jumps to new corporate use cases.
Stablecoins ultimately offers promises of long-standing promises. It offers faster, simpler, and cheaper alternatives to outdated payment systems. This shift is particularly transformative in countries where major banks and payment networks are being watched by. A relocation that took a few days can be completed in minutes. Stop fresh opportunities for both consumers and businesses.
Despite the hype, Stubcoin has not resolved the forex (FX) costs that have plagued cross-border payments for years.
Even converting one Fiat currency to another (for example, Hong Kong dollars to euros) can involve spreads, conversion fees, brokerage fees, and slippage. These costs also apply to crypto-based transfers, especially during on-ramp and off-ramps, where money is migrating between blockchain and traditional bank accounts.
Mike Robertson, CEO of FX Infrastructure Provider Abbeycross, said the crypto industry envisions that technology can solve all the problems. He noted that each currency operates under different dynamics, and that if money is being made in a particular region, its value remains. Robertson added that most banks and payment providers earn revenue from Forex rather than transaction fees.
That fact continues to attenuate one of Stablecoins’ main selling points. They can offer genuine, inexpensive cross-border transactions.
Startups target “exotic” routes
London-based payment startup BVNK focuses on channels that are often underserved, such as transfers from Sri Lanka to Cambodia. Sagar Sarbhai, the company’s APAC Managing Director, explained that such routes usually require multiple intermediaries, which are expensive and slow. He said Stablecoins simplifies the process and is not cheap, but faster and more capital efficient. BVNK currently processes around $15 billion a year.
Other companies, such as Sons in Singapore and Aquanow in Canada, are working to tie blockchain transactions to the “last miles” offering and local currency and wallets by partnering with Stablecoin publishers or large companies.
Regulations promote institutional growth
The question is whether we are heading towards a future shaped by the genius law, signed into law in the United States on July 18, 2025. The Secure team at Circle, the company behind the USDC21 proposal to regulate Stablecoins, is closely watching the development. This week, new laws were introduced in both the House and Senate, providing federal guarantees on stubcoins. This proposal requires that stubcoins be fully supported at 1:1 with high-quality assets, undergo regular audits and maintain consistent transparency.
The bank responded quickly. In the short term, Bank of America predicts that these rules could add between $25 billion and $75 billion in Stablecoin supply. Payment Behemoth Visa is considering “Stablecoin Sandwich.” Pounce between two Fiat currencies to avoid networks like Swift and calming down in a few minutes. The platform visa was launched in October 2024, allowing banks to generate, redeem, build and burn phiatback tokens (including stablecoins).
Companies are also starting to move. Ripple will purchase Stablecoin Payment Platform Rail for $200 million and add it to the cross-border ecosystem. Based in Singapore, Thunes, which will raise $150 million in April, will be more deeply integrated with the Stablecoin network.
Industry leaders predict that NFT use will surge as regulatory, infrastructure and institutional participation advance towards mainstream adoption. Sagar Sarbhai of Bvnk said hockeytic growth was just beginning and the foundation took five years to build, but could expand dramatically within the next 12 months.
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