The Stablecoin Momentum: Why the World is Finally Paying Attention
Over just a few weeks in May and June 2025, stablecoins moved from the periphery of fintech discussions into the center of mainstream financial strategy. The narrative is no longer hypothetical. It’s clear: a new financial infrastructure is being formed — and it’s being built on stablecoins.
Let’s look at the headlines that prove it:
Banks Are Getting In
May 23, 2025
JPMorgan, Citi, Bank of America, and Wells Fargo announced a joint stablecoin venture. These four of the largest U.S. banks are teaming up to create infrastructure for interbank digital dollar settlement. This isn’t a lab experiment—it’s a clear signal of institutional alignment.
Circle Launches Cross-Border Payments Network
May 21, 2025: Circle launched a stablecoin-powered international payments network, with a list of early adopters already piloting integrations. Businesses can now send and settle payments in near real time, globally, using USDC.
Policy Tailwinds: Regulation Is Catching Up
May 2025 (ongoing): In the U.S., the bipartisan Stablecoin “Genius Act” is gaining traction, aiming to provide regulatory clarity while supporting innovation.
In the EU, MiCAR (Markets in Crypto-Assets Regulation) is already in effect:
From June 2024, MiCAR began governing stablecoin issuance for e-money and asset-referenced tokens.
Full application to crypto service providers begins December 2024.
This means enterprises can operate within a clear and harmonized legal framework, with strong consumer protections and enforceable redemption rights — essential for regulated, large-scale deployments.
→ Read more on MiCAR via Reuters
Visa, Mastercard, Stripe — All In
May 7–28, 2025:
Visa doubled down with an investment in BVNK, a blockchain payment firm focused on stablecoin rails.
Mastercard and Moonpay partnered to advance stablecoin adoption for consumer and merchant payments.
Stripe announced stablecoin-based financial accounts, allowing merchants to receive and manage digital dollars.
This isn’t pilot-level experimentation. These are Tier 1 infrastructure providers building for real-world use.
Uber Signals a New Era of Treasury
June 7, 2025: At the Bloomberg Technology Summit, Uber revealed it’s actively exploring stablecoin-based payouts for international operations.
Simon Taylor, co-founder of 11:FS, captured the broader implication in a viral LinkedIn post:
“If Uber starts moving significant payment volume… non-stablecoin banks face a question: Do they build capabilities fast or watch their best clients migrate payment volume elsewhere?”
For treasury teams, the message is clear: this is not a crypto experiment—it’s the next logical evolution in payment infrastructure.
Why This Matters for Enterprises
Stablecoins are no longer theoretical. In just the past few weeks, we’ve seen:
Institutional validation from major banks and Big Tech.
Regulatory frameworks like MiCAR and the Genius Act providing clarity.
Enterprise infrastructure from Visa, Mastercard, Stripe, and Circle going live.
Operational exploration from global platforms like Uber.
For finance and operations teams, this is the moment to ask:
What happens to our business if our suppliers, partners, or banks move to stablecoin rails before we do?