Stablecoins in 2025: Driving Adoption, Innovation, and Global Finance


Nasdaq has invested $100 million in Kraken parent Payward at a reported $21 billion valuation, expanding their partnership around tokenized stocks and always-on markets.

Dogecoin dropped more than 5% as Bitcoin held near $78,000, with rising oil prices and Treasury yields increasing pressure on crypto markets ahead of U.S. CPI data.

Liquid Network has restarted block production after a $320 million Elements exploit drained roughly 4,000 BTC, but transactions and peg operations remain paused.
1/ Stablecoins are reshaping finance 🏦 Explore all insights, market trends, asset deep dives, and more in "The State of Stablecoins 2025"— a comprehensive report by Dune & @artemis Link at the end of the thread 🧵
4/ Decentralized stablecoins gained traction 🔹 @ethena_labs's USDe surged from $146M to $6.2B, now the 3rd largest stablecoin, fueled by innovative yield strategies and delta-neutral hedging. 🔹 MakerDAO’s rebrand ( @SkyEcosystem ) and launch of USDS ($2.6B at Feb '25) Show more
Chamath: Two Reasons Stablecoin Usage Will Surge in 2025 1) Last year, stablecoin usage became uncoupled from crypto volatility for the first time (h/t @a16zcrypto) 2) In the first half of 2024, stablecoins (~$8.5T) had more than 2x the transaction volume of @Visa (~$3.5T) Show more
🔍From Cross-Border Revolution to Global Legal Tender: Stablecoin’s 10-Year Journey to Redefine Money 🔹 Short-term (1-3 yrs): Stablecoins dominate remittances—faster & cheaper than SWIFT. Crypto-linked Visa/Mastercard bridges on-chain assets to real-world spending. 🔹 Mid-term Show more
🚨ACTIVE STABLECOIN WALLETS SEE SIGNIFICANT GROWTH Active stablecoin wallets surged by 53% over the past year, rising from 19.6 million in February 2024 to more than 30 million in February 2025, according to Artemis and Dune.