Researchers at Galaxy predict that there will be at least ten stablecoin launches backed by traditional finance (TradFi) partnerships by 2025.
The number of stablecoin projects has grown to 202 between 2021 and 2024, with strong ties to TradFi and increasing transaction volumes.
Asset managers like VanEck and BlackRock are collaborating with stablecoin projects to establish a foothold in the sector.
Stablecoin legislation is expected to pass in the US Congress by 2025, leading to significant growth in stablecoin adoption and doubling the total stablecoin supply to exceed $400bn.