Stablecoins on Ethereum Market Research Center

July 2025: Ethereum Comes Alive

Fri, 01 Aug 2025 16:48:38 +0000

Ethereum surged nearly 50% in July 2025, driven by renewed investor interest in stablecoins, tokenized assets, and institutional use cases — areas where the leading smart contract network continues to distinguish itself.

The approval of the GENIUS Act marked a pivotal turning point for the stablecoin sector and the broader crypto market. While comprehensive legislation around market infrastructure is still working its way through Congress, regulatory agencies can move forward independently by advancing initiatives like permitting staking within regulated crypto investment vehicles.

Beyond Stablecoins: The Case for Ethereum

Tue, 08 Jul 2025 08:56:39 +0000

Global demand for U.S. dollars isn’t shrinking—it’s accelerating. Despite the media narrative around de-dollarization, the more impactful trend is the explosive rise in dollar access via stablecoins. Today, over 4 billion people and countless businesses are tapping into digital dollars, marking one of the most significant expansions of the dollar’s global footprint in modern history.

This shift presents a massive opportunity for Ethereum. The stablecoin market has surged more than 60-fold since 2020, now exceeding $200 billion. But holding digital dollars is only the beginning. Users around the world increasingly seek yield, access to investment tools, and broader financial services—needs that traditional financial systems are largely unable to meet due to regulatory and logistical limitations.

The Stablecoin Reckoning

Mon, 16 Jun 2025 11:55:56 +0000

Why Walmart, Not JPMorgan, Will Lead the Next Payments Revolution

We are entering the era of daily headlines about everyone—and their mother—issuing a stablecoin.

Most will be vaporware. Some won’t. Among the credible ones, many will stall out. A few will quietly change everything.

Here’s the tell: look at who’s building it. If it’s being driven by the victims of the traditional payments industry, it’s worth watching. If the beneficiaries are pushing it, it’s likely just noise.

Transforming Global Payments: The Role of Tokenized Money & Funds in Cross-Border Transactions – Visa

Mon, 09 Jun 2025 14:08:50 +0000

Visa began actively exploring asset tokenization in 2021, initiating collaborations with over 40 central banks worldwide, including involvement in Brazil’s Drex Pilot and Singapore’s Global CBDC Challenge. In 2022, Visa was recognized with the “Best Ecosystem” award by the Hong Kong Monetary Authority (HKMA) for its contributions to the Global CBDC Fast Track Programme. Visa also took part in Phase 1 of HKMA’s e-HKD Pilot Programme, working alongside major banks like HSBC and Hang Seng Bank to test the use of tokenized deposits in property transactions and acquirer-merchant settlements. Serving as the technology provider, Visa introduced its Visa Tokenized Asset Platform (VTAP), a suite of APIs that enables financial institutions to mint, burn, and transfer digital tokens across both permissioned and public blockchain networks.

Onchain Value: Stablecoins Now Drive Over ⅓ of DeFi Revenue – Keyrock

Thu, 05 Jun 2025 03:43:39 +0000

Stablecoins have become the financial backbone of DeFi, playing a central role not just in transferring value, but in powering leverage loops, yield strategies, and protocol revenues. This report maps their growing economic impact across leading DeFi protocols and chains. Stablecoin-driven revenue is rebounding sharply—from a low of 4.7% in June 2024 to 30.8% year-to-date—underscoring their resurgence in bull markets, not just bearish ones. Lending protocols remain the dominant recipients of this revenue (15%), though DEXes are narrowing the gap (11%).

Stablecoin Payments from the Ground Up – Artemis, Castle Island Ventures & Dragonfly

Fri, 30 May 2025 03:39:06 +0000

A survey of 20 stablecoin payment companies, supplemented by estimates from 11 more, revealed $94.2 billion in settled payments between January 2023 and February 2025, annualizing at $72.3 billion as of February 2025. B2B payments lead at a $36 billion run rate, followed by P2P ($18 billion), card-linked ($13.2 billion), B2C ($3.3 billion), and prefunding ($2.5 billion), with most sectors showing rapid growth. Tether’s USDT dominates with 90% market share, and Tron is the most used blockchain by volume, followed by Ethereum.