Stablecoins Are Becoming the Infrastructure for Global Dollar Access

Q2 2025 confirmed the stablecoin sector’s growing role as financial backbone:

• $2T+ in monthly adjusted volumes
• $135B+ in U.S. Treasuries held by $USDT and $USDC issuers
• $245B total supply, with $PYUSD crossing $1B
• GENIUS Act advanced in the Senate, setting the stage for U.S. regulatory clarity

Stablecoins are no longer just crypto plumbing - they’re emerging as programmable dollars with real monetary reach. The GENIUS Act proposes strict reserve, reporting, and compliance standards that could invite banks, fintechs, and Big Tech into the issuer landscape.

@Circle’s IPO, @Stripe’s product push, @JPMorgan’s @Base-based $JPMD pilot, and ongoing @Visa and @Mastercard integrations all point to one thing:

Stablecoins are evolving into global-scale dollar rails.

Full Q2 analysis in our latest State of the Network report: Link in replies