#MastercardStablecoinCards

Stable Coin Market Update (May 2025)

The stable coin market has surged to a $232 billion market cap, led by Tether ($151B) and USDC ($60.7B), with a 45-fold increase since 2019.

Regulatory efforts in the U.S. face hurdles, as the GENIUS Act stalled due to partisan disputes and controversies tied to President Trump’s USD1 stable coin, linked to a $2B Binance investment. Adoption is robust, with 90% of financial institutions integrating stable coins for payments and web3 applications.

Partnerships like MoonPay-Mastercard and Visa’s BVNK investment signal mainstream traction. However, legal risks, such as Justin Sun’s $500M lawsuit against FDUSD’s issuer, and predictions of “dark stable coins” amid regulatory pressure highlight challenges. Stable coins remain pivotal for crypto adoption, but regulation and ethics concerns will shape their future.