a16z's Daren Matsuoka highlights that stablecoin transaction volume has grown quarter-over-quarter for 10 consecutive quarters — a streak spanning back to mid-2024 — with the pace visibly accelerating after the GENIUS Act's passage in July 2025. The data reinforces what on-chain metrics have been showing: stablecoin usage is increasingly uncorrelated with speculative crypto cycles, driven by organic adoption for payments and settlement. Annual stablecoin volume hit $33 trillion in 2025, surpassing Visa, and Q4 2025 alone cleared $11 trillion. The GENIUS Act's federal regulatory framework appears to be doing exactly what proponents argued — giving institutions the legal clarity needed to integrate stablecoins at scale.

TLDR by @Benthic

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