A new research report from Coinbase titled 'State of Crypto' explores the growing interest in stablecoins and their role in mainstream cryptocurrency adoption.
Impact of Stablecoins on the Financial Sector
The Coinbase report points out that stablecoins are becoming a key factor in the widespread adoption of cryptocurrency in payment and financial transactions. This is associated with the need for businesses seeking new methods to address financial challenges.
Rising Interest in Stablecoins
According to the report, 81% of crypto-aware small and medium businesses (SMBs) express interest in using stablecoins. Additionally, the number of Fortune 500 companies showing interest in stablecoins has tripled compared to 2024. Furthermore, 82% of SMBs believe that cryptocurrencies can address at least one major financial challenge.
Current and Future Outlook of the Stablecoin Ecosystem
Currently, there are over 160 million stablecoin holders worldwide, with stablecoin usage in 2024 reaching $27.6 trillion, exceeding the combined revenue of Visa and Mastercard. The key players in the market remain Tether and Circle, holding 61% and 24% of the market share, respectively. The report also stresses the need for a clear regulatory framework for the continued development of the crypto industry.
Stablecoins are increasingly popular and become an essential tool for both businesses and users. Their future development depends on legislative and regulatory initiatives.
