As stablecoins rise, how are governments responding worldwide?
For years, stablecoins have been marketed as crypto’s potential bridge to normal, everyday payments — or at least what most people consider to be normal.
In 2025, they seemed to have made the jump from a promising prospect to a tool increasingly used by institutions, banks, and even previous crypto non-believers.
Total transaction volumes for stablecoins surged by 72% last year, reaching a massive $33tr (€28tr), according to data from Artemis Analytics.
Stablecoins are crypto assets designed to maintain a stable value by pegging their worth to a real-world asset such as the US dollar. Essentially, they represent a digital copy of a circulating currency.
Since cryptocurrencies are not typically controlled by regular…
