Stablecoins have been developing slowly and have ultimately become the largest use case in the Crypto Assets field. Although progress seems slow, things are accelerating, and it feels like we are at a "moment of breakthrough."

The past month has made this clearer than ever.

Stripe and Meta are the two largest tech companies in the world, and they have both joined the ranks of stablecoins. The trading volume of stablecoins has officially surpassed that of Visa. Despite facing political resistance, regulation is now just a matter of time, not a question of whether it will happen.

The era of stablecoins has arrived. It was originally progressing slowly, but now it seems to have happened all at once.

1. Stripe's stablecoin account has been launched in over 100 countries/regions.

Stripe has quietly launched a stablecoin financial account, enabling businesses in over 100 countries to hold, send, and receive funds in USDC or USDB (Bridge's infrastructure stablecoin).

It is essentially a dollar account without a bank.

Behind the scenes, Stripe is leveraging its acquisition of Bridge to handle the custody and operations of stablecoins. The key is that these accounts are backed by dollar reserves held at BlackRock on a 1:1 basis.

No ACH delays, no forex fees, no need for local banking infrastructure. Just programmable internet-native dollars.

This is the future that PayPal should build.

2. The Revival of Meta Stablecoin: WhatsApp Payments Are Coming Soon

According to reports, Meta is in talks with a Crypto Assets company to reintroduce stablecoins on its platform, including WhatsApp.

Yes, it is the Diem that Congress humiliated and forced Meta to shut down three years ago.

Scale is the key. WhatsApp has over 2 billion users. If Meta can achieve this, the adoption of stablecoin will no longer be a trickle, but a flood.

3. Stablecoin trading volume surpasses Visa

According to the Q1 2025 Crypto Assets market review released by Bitwise, the transaction volume handled by stablecoins in 2024 was $27.6 trillion, surpassing Visa and Mastercard.

95% of the transactions are settled on Ethereum. That's right, Ethereum is now one of the most important financial channels on Earth.

Let this sink in.

4. Developer Gold Rush: Bridge and USDB

The USDB of Bridge is quickly becoming the most developer-friendly stablecoin in the market.

Unlike traditional issuing institutions that retain reserve earnings, Bridge will distribute them—both developers and users can participate. Developers can earn rewards simply by switching to USDB via the API.

• Can I exchange for USDC? Free.
• Minting and redeeming? Global.
• Government bond collateral? Stored at BlackRock.

If stablecoins are the new dollar, then Bridge is building the Stripe of programmable currency.

5. Although the GENIUS Act has failed, it has not perished.

Last week, the U.S. Senate failed to pass the GENIUS Act, which was the first serious attempt at federal stablecoin legislation.

The bill failed to pass in a procedural vote of 48 to 51, not due to a lack of support, but because of last-minute changes made by the Republicans that caught key crypto-friendly Democrats off guard.

Even some co-sponsors of the bills voted against them, citing concerns that the amendments were too rushed and issues with transparency.

Nevertheless, there is still interest among people. Senator Warner called stablecoins "undoubtedly a part of the financial future" and promised to revise and pass the bill as soon as possible.

The "GENIUS Act" will:

• Establish federal oversight for stablecoin issuers
• Set capital and liquidity standards
• Enforce anti-money laundering compliance regulations in accordance with the Bank Secrecy Act.

Critics argue that this rule is too lenient – meeting exactly what crypto companies are looking for. But there's no doubt about it: it's the U.S. that has chosen to regulate stablecoins onshore rather than let them grow overseas.

This vote may fail, but the next vote could be passed as early as this week.

️The most important thing is

Stablecoins are no longer a "crypto use case"; they are use cases in themselves.

Various institutions have also emerged.

• Stripe has created a wallet.
• Meta is building the interface.
• Ethereum is the backend.
• Developers are building everything else.

In 2020, stablecoins were still a novelty. By 2024, it had evolved into a trillion-dollar industry. Now, in 2025, the world's largest companies and lawmakers are putting stablecoins to the test.

The financial system is undergoing changes. First slowly, and then suddenly.