Stablecoin Sector Analysis

Stablecoins—digital assets designed to maintain a stable value, typically pegged to the U.S. dollar—have rapidly evolved from niche trading tools into a cornerstone of the global financial system. Backed largely by fiat reserves and comparable to eurodollars, stablecoins offer a way to move capital with speed, stability, and reduced regulatory friction.

As regulatory clarity improves and major players like Visa, Mastercard, and Circle integrate stablecoin infrastructure, these assets are powering cross-border payments, remittances, and on-chain financial activity at scale. This report explores the $230B+ stablecoin market, analyzing the diverse models, issuers, and blockchains driving adoption—and the opportunities and risks ahead.