Overview

• A Bitso Business analysis of 1,300 clients finds institutional payment use of stablecoins doubled from late 2024 to the first half of 2025, led by a 68% rise among payment providers and a 5.3-fold jump in gaming.
• BIS data show stablecoin market capitalization exceeding $230 billion in 2025, with quarterly trading volumes for the two largest tokens topping $400 billion.
• Within Bitso Business volumes, Mexico increased its share to 47% in H1 2025 from 45% a year earlier, while Brazil and Colombia each gained two percentage points and Argentina added one.
• Executives at the Stablecoin Conference 2025 urged closer regulator–platform collaboration, with Remitly’s Matt Oppenheimer noting authorities exert the most leverage at fiat conversion points and expecting use as savings and transfer tools rather than full currency replacements.
• The U.S. GENIUS law requires backing in cash, bank deposits or Treasuries maturing within three months, mandates regulated and audited issuers, and compels monthly reserve disclosures, as BIS and European officials warn of run risks and potential monetary sovereignty erosion.