Morph Report Shows Stablecoins Reshaping Global Payments Infrastructure
By Jamie Redman
A Morph report states that stablecoins reached a $312 billion market cap in 2025, driven by surging transaction volumes and growing business adoption in everyday finance. Stablecoin transaction volumes hit $33 trillion, surpassing Visa and Mastercard, which signals a reshaping of global payment competition. SWIFT is considering launching its own stablecoin.
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