Stablecoin Supply Reaches Record as Payment Rails Eat Into SWIFT
Total stablecoin float has hit a fresh all-time high above $312 billion, with corporate payments accounting for a meaningful share of monthly transfer volume.
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Total stablecoin float has hit a fresh all-time high above $312 billion, with corporate payments accounting for a meaningful share of monthly transfer volume.
On-chain music-rights protocols have crossed several million dollars in monthly royalty distributions, with major-label catalog partnerships finally translating into recurring on-chain payments.
Aggregate stablecoin float across all chains and issuers has crossed a fresh round number, with payments use cases driving an increasingly large share of growth.
Quarterly venture investment in crypto startups has crossed $4 billion for the first time since 2022, led by infrastructure, payments, and stablecoin-rail bets.
Several mid-tier corridors have seen stablecoin volumes overtake conventional bank-wire activity, with the trend most pronounced in Latin America and Southeast Asia.
The contest among issuers for retail mindshare is irrelevant. The actual winning condition was banking integration, and that race ended quietly years ago.