Experts see exponential growth in on-chain payment volumes, rising institutional engagement, and shifting regulatory frameworks as proof of stablecoins as connector between traditional finance and blockchains.
What Happened: According to Messari‘s “State of Stablecoins” report, transfer volumes for stablecoins now rival legacy payment networks such as ACH, and in some cases surpass volumes seen on Visa (NYSE:V) and PayPal (NASDAQ:PYPL).
Speaking with Benzinga, Andrew Dyer, analyst at Messari and lead author of the report, points to this rapid growth as a clear marker of change.
He pointed to integrations by fintechs, neobanks, and major payments providers as enabling seamless cross-border B2B payments by routing local fiat through stablecoins and back, reducing reliance on correspondent banks and slashing fees.
This “stablecoin sandwich” model has quietly scaled to billions in monthly volumes.
“We’re constantly seeing new integrations with incumbents like Visa (stablecoin-linked cards), …