Stablecoins: The New Kings of Crypto, According to Coinbase 🤑

So, 16 years after Bitcoin decided to grace us with its presence, it turns out the real stars of the crypto show are stablecoins. Who knew? Coinbase dropped this little gem in their research report on June 10, and it’s got everyone talking. 🗣️

Apparently, businesses are all over this like a rash. 81% of crypto-aware small and medium businesses (SMBs) are itching to get their hands on stablecoins. Can you blame them? It’s like having a superpower in the finance world. 🦸‍♂️

And get this, the number of Fortune 500 companies showing interest in stablecoins has tripled since 2024. Tripled! 82% of SMBs also think crypto can solve at least one major financial challenge. It’s like they’re saying, “Bring it on, crypto, we’re ready!” 🚀

The Q2 2025 State of Crypto report just dropped.

TL;DR: The world loves stablecoins.

— Coinbase ️ (@coinbase) June 10, 2025

But wait, there’s more! Organic stablecoin transfer volume has hit record highs, with the two biggest monthly transfers in history happening in December and April. It’s like the crypto world is on a rollercoaster, and we’re all screaming with excitement. 🎢

There are now over 160 million stablecoin holders worldwide, and the global stablecoin supply has grown by 54% year-over-year. In 2024, stablecoin transfer volume hit a whopping $27.6 trillion, surpassing Visa and Mastercard combined. Mind. Blown. 🤯

“Regulatory clarity is the unlock for crypto’s next chapter,” the report notes, with a nod to the GENIUS Act and other bills making their way through US Congress. It’s like the government is finally catching up to the party. 🎉

“An overwhelming 9 in 10 Fortune 500 executives agree that clear, consistent US regulation around crypto, blockchain, and onchain technologies is essential to support ongoing innovation.”

And it’s not just the US. South Korea’s newly elected president, Lee Jae-myung, is all about the Digital Asset Basic Act, allowing local companies to issue stablecoins with a minimum equity capital of 500 million KRW ($368,000). They even have to guarantee refunds through reserves and get regulatory approval. It’s like they’re setting the bar high, but who doesn’t love a challenge? 🏆

Europe, on the other hand, is moving at a snail’s pace. The European Central Bank wants its own central bank digital currency (CBDC), and regional governments are holding tight to their monetary reins. It’s like they’re saying, “Not so fast, crypto, we’re still thinking about it.” 🐢

Stablecoin Ecosystem Outlook

The current stablecoin ecosystem is dominated by Tether and Circle, the dynamic duo of the crypto world. Tether holds a 61% market share with $155 billion in circulation, and USDT supply has surged 38% over the past 12 months. Circle’s USDC isn’t far behind with $61 billion in circulation, giving it a 24% market share. Together, they produce 85% of the stablecoins in the market. It’s like they’re the Batman and Robin of stablecoins. 🦸‍♂️🦸‍♀️

Maker’s USDS, formerly DAI, is the third-largest with $7.2 billion and the only true high-cap decentralized stablecoin. It’s like the indie film in a world of blockbusters. 🎬

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2025-06-15 10:41