This article discusses how stablecoins are becoming mainstream for online and international payments, drawing parallels to the impact of WhatsApp on messaging costs. It explores the potential for stablecoins to transform financial transactions and reinforce the dollar's dominance in the global economy.

Funding for stablecoin companies is expected to surge to $12.3 billion by 2025, driven by the entry of traditional financial institutions and the expansion of stablecoin use cases. A market map created by CB Insights highlights 172 key players within the stablecoin ecosystem, revealing significant growth in areas such as liquidity and yield, cross-border payments, and innovative stablecoin issuance strategies.