Stablecoin Market Expands Beyond Crypto Trading
The stablecoin market is rapidly expanding from crypto-market infrastructure into everyday payments. Traditional payment companies, banks, and remittance providers are increasingly connecting blockchain-based dollars to established financial networks.
Visa reported that its stablecoin settlement across its network had surpassed a $20 billion annualized run rate this month. This figure is more than 15 times the level recorded a year earlier, while over 160 stablecoin-linked card programs were operating globally.
The figures indicate that stablecoins are beginning to develop a practical role beyond exchange liquidity and digital-asset trading. The shift became more visible when MoneyGram launched its first stablecoin-backed Visa card in Colombia this week. Developed with payments infrastructure provider Rain, the card allows eligible customers to hold a stable-dollar balance, spend through Visa's merchant network, and convert funds into local currency through MoneyGram's physical locations.