The Stablecoin Velocity Map: Building Through Cycles

Stablecoins are rapidly evolving into the backbone of global digital payments. From institutional custody to real-world usage, players like Fireblocks, M0, Ripple, and Chainalysis outlined how the infrastructure, adoption, and regulatory clarity are converging. With over $250 billion in circulation and volumes projected in the trillions, stablecoins are no longer a side story—they are becoming the money rails of the internet economy.

Mapping the Stablecoin Velocity

Stablecoins are not just growing—they are accelerating. Jonathan Levin of Chainalysis notes that the market already exceeds $250 billion in circulation, highlighting the massive demand for blockchain-based USD access. Fireblocks reported that over $500 billion in stablecoins moved through its platform in Q1 2025, with projections reaching $2 trillion by year-end.

2. From Store of Value to Payment Rail

Diogo Monica of Anchorage called stablecoins “new money rails” that are reshaping how value moves across borders. Fiona Murray from Ripple reinforced this narrative with RLUSD, Ripple’s stablecoin, which has already surpassed $300 million in market cap and is listed on global exchanges like Kraken and Gemini.

3. Institutional Pipes Are Here

Behind the scenes, players like Fireblocks are partnering with Visa, Checkout, and Stripe (via Zero Hash) to facilitate international stablecoin payments. On the infrastructure side, M0 has issued $250–270 million in digital dollars within six months and is onboarding 30+ partners across Hyperliquid ecosystems and card issuers like Cast.

4. Regulatory Clarity Fuels Confidence

Across sessions, speakers affirmed a regulatory thaw. Luca Prosperi of M0 said the “regulatory vibe” has massively improved in the past 6–12 months. Jonathan Levin cited frameworks like MiCA in Europe and ADGM in the Gulf as creating clarity and competitive standards.

Diogo Monica projected stablecoins will soon rank among the top 10 holders of U.S. Treasuries. Meanwhile, Griffin Dunaif predicted that in five years, stablecoin-backed transactions could be triggered by a face scan on your phone—ushering in a new era of “money apps” built on stablecoin rails.

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