Messari’s new State of Stablecoins report offers a comprehensive view into how Stablecoins are evolving from niche fintech tools to foundational rails for capital markets, payments, and programmable finance.
1. $250B+ Market Cap – The total stablecoin market has rebounded sharply, driven by renewed regulatory clarity and institutional participation.
2. New Use Cases – From Cross Border Payments and Ecommerce to Financial Inclusion and MMFs, stablecoins are powering real-world adoption across sectors.
3. Platform Expansion – Ethereum and TRON dominate issuance, while Tokenized Reserves (like Treasuries, MMFs, and even Gold) redefine the risk profiles of top issuers like Circle and Tether.