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Stablecoins enter the global financial system

IMPORTANT POINTS:

Stablecoins gain ground outside the formal banking system.

Tether and Circle channel flows that concern regulators.

Congress advances with rules to prevent potential crises.

Stablecoins gain ground in global payments and reserves.

Stablecoins have transitioned from being marginal tools of the crypto space to becoming central instruments for startups, such as Mansa, which uses Tether to pay salaries and attract investment.

Mansa's co-founder, Nkiru Uwaje, claims that stablecoins outperform the traditional banking system in speed, costs, and reliability, providing developing economies with a pathway to access digital dollars. Tether and Circle dominate a market where the monthly transaction volume already exceeds $752 billion, with more than 46 million active wallets according to Visa data.

Under Trump's administration, this trend accelerated: his vice president JD Vance called them “multipliers of economic power,” while Stripe, Visa (V), and Sony Bank join the race to integrate them.