Overview
- Bitwise CIO Matt Hougan told clients the stablecoin supply could grow from roughly $300 billion today to about $4 trillion by 2030 based on traction from early payout pilots.
- DoorDash is testing stablecoin payouts for about 10 million Dashers across more than 40 countries through Stripe.
- Meta began paying select creators in the Philippines and Colombia using stablecoins on the Solana and Polygon networks.
- Hougan said the main draw for companies is operational simplicity because one wallet and a single payment rail replace many bank accounts and currency conversions.
- Institutional rails are taking shape as Visa reported a $7 billion annualized run rate for its stablecoin settlement pilot and Western Union launched a USDPT token on Solana for continuous settlement.