Stablecoins: Powering the Future of Finance

How Stablecoins are Reshaping Global Finance, From Emerging Markets to Institutional Adoption

Stablecoins have solidified their place as critical pillars in the crypto ecosystem, evolving from speculative trading tools to essential instruments in real-world financial transactions. This edition brings together the latest data from Ethereum’s on-chain volumes, Singapore’s merchant payments, and emerging market usage, giving you a comprehensive overview of how stablecoins are reshaping global finance.

Ethereum's Record Stablecoin Volume: $1.46 Trillion and Rising

• Ethereum has hit a new milestone in stablecoin usage, with an on-chain volume of $1.46 trillion, more than double from $650 billion at the start of 2024.

  • DAI, the decentralized stablecoin, has seen extraordinary growth, leading with $960 billion in volume. This sharp rise signals increasing trust in decentralized finance (DeFi) solutions.

  • Key observation: While DAI tops the chart, USDT and USDC remain more reliable for transactional stability, as DAI's volume could be inflated by wash trading and internal transfers.

• USDC and …