Stablecoins, which maintain value by pegging to the US dollar and operate on blockchain technology, have grown significantly in recent years, with the market reaching $230-256 billion in 2025 and projected by Standard Chartered to potentially grow to $2 trillion by 2028. In the United States, the recently passed GENIUS
Chinese technology giants, including Ant Group and JD Technology, have been in intensive discussions with the Hong Kong Monetary Authority (HKMA) since early 2025 to secure approval for yuan-based stablecoins that would promote the Chinese currency's global usage in the digital economy. The companies' proposals aim to
Mastercard announced a comprehensive stablecoin strategy on June 24, 2025, enabling its clients to use digital currencies for everyday purchases and cross-border settlements, while the company's stock fell 5.39% to $538.73 on June 18, 2025, partly due to market concerns following the U.S. Senate'
The GENIUS Act for stablecoin regulation, signed by President Donald Trump on July 18, 2025, has created an unprecedentedly complex supervisory system that tasks 55 different regulatory agencies with overseeing the $250 billion market. Georgetown University finance professor James J. Angel criticises the law for fragmenting supervisory authority among the
In September 2018, at a debate hosted by KIO Networks in Mexico City, Katie Haun, a former federal prosecutor and Andreessen Horowitz's first female partner, predicted the future of stablecoins when Bitcoin was valued at just $4,000 and most Americans considered cryptocurrencies a passing fad. Against Nobel
Visa announced on April 30th the launch of a new product that will let consumers pay with stablecoins in six countries, including Mexico and Argentina, marking a significant step toward making cryptocurrency part of mainstream commerce. The offering, developed with Stripe-owned startup Bridge, is also being rolled out in Colombia,
Censorship-resistant "dark stablecoins" may see increasing demand amid tightening regulations, according to the CEO of crypto analytics firm CryptoQuant. In a May 11, 2025 post, Ki Young Ju warned that any stablecoin issued by a country could soon face strict government regulation, leading to automatic tax collection, wallet
