Stablecoins Gain Mainstream Acceptance, But Infrastructure Challenges Remain

Stablecoins are increasingly being viewed as payment infrastructure rather than cryptocurrency assets. The shift is driven by solving real-world problems, such as moving money faster and cheaper across borders.

A recent report from McKinsey and Artemis estimates that genuine stablecoin payments will reach $390 billion in 2025, with business-to-business transactions making up $226 billion of that total, a growth rate of 733% year over year. This is not just about using blockchain rails to move money globally, but also about connecting on-chain settlement to local financial networks.

Raj Kamal, founder and CEO of TransFi, emphasizes the importance of liquidity and local payout networks in making stablecoins usable. He notes that every market is different, with unique banks, payment methods, FX dynamics, regulations, and consumer behavior.