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Stablecoins settled more value than Visa and Mastercard combined in 2025. Barely 1% of it was a real payment.
Our new report on where the money in payments actually sits, and why @crediblefin is building for the gap
RESEARCH: Stablecoins settled roughly $35T onchain in 2025, more than @Visa and @Mastercard combined.
Only about $390B of it was a real payment.
A new CoinDesk Research report maps where the value actually went, and why @crediblefin is building for the gap in between.