Visa, Stripe, and Mastercard Drive Stablecoin Growth in 2025

Stablecoins are evolving from a niche part of the crypto world to a major player in global finance. With major financial institutions like Visa, Mastercard, and Stripe supporting stablecoin projects, and transaction volumes now surpassing Visa’s network, it’s clear that stablecoins are changing the way money moves around the world.

Visa, Mastercard, and Stripe Embrace Stablecoins

There’s no denying the shift – traditional finance is embracing stablecoins. Visa has launched its Tokenized Asset Platform to help manage stablecoins and tokenized deposits. Stripe, meanwhile, is testing stablecoin payments to make it easier for businesses outside the US and EU to access US dollars.

Mastercard has introduced features that allow consumers to spend in stablecoins and merchants to receive payments in these digital currencies worldwide.

Stablecoin Market Overview

The stablecoin market is booming, with a total market cap of $243.1 billion, according to Coingecko. Tether (USDT), USDC, and USDS lead the charge, with market caps of $148 billion, $62 billion, and $7.6 billion, respectively. In terms of transaction volume, Tether dominates with over $51 billion, followed by USDC with $11 billion.

Stablecoin Transaction Volume Surpasses Visa

In an impressive shift, stablecoins now process more transactions on a weekly basis than Visa. This signals their growing influence in the global financial system and suggests they’re quickly becoming a mainstream financial tool that challenges traditional payment networks.

The Future of Stablecoins: What’s Next?

Billionaire investor Chamath Palihapitiya predicts that the stablecoin sector will see significant growth throughout 2025, with US dollar-backed stablecoins emerging as the biggest winners. He believes these stablecoins will become a core component of the global financial system, further solidifying their position in the market.