Stablecoins are poised to revolutionize the payments landscape, representing a significant shift in financial infrastructure akin to past technological transformations. With new regulations like the GENIUS Act and growing adoption by major financial institutions, stablecoins are expected to enable instant, borderless transactions and drive economic growth, particularly as AI integration accelerates. As they become the backbone of global financial systems, the real impact of stablecoins will be felt behind the scenes, transforming how money moves and functions in the digital economy.

The report "State of Fintech 2025" explores significant trends in the fintech industry, highlighting the rise of hyperscalers like Nubank, Klarna, and Revolut. It discusses the impact of AI on finance, the ongoing competition in digital payments, and the evolving landscape of stablecoins, while also addressing challenges such as AML alerts and scams. Predictions for 2025 are included, emphasizing the potential for fintech to surpass traditional banks in profitability and growth.

Fintech is currently only 3% complete, despite substantial revenue growth and upcoming IPOs. The industry is undergoing significant changes, driven by innovations like stablecoins and AI, while established banks face challenges in adapting to the evolving landscape. Key developments include Circle's IPO, Visa's new payment solutions, and the rise of AI-native fintech companies.