For most of history, moving money has been slow, expensive, and complicated. Stablecoins, which started as crypto-native trading infrastructure, have evolved to allow people and corporations to move billions of dollars around the world for under a cent and in under a second. 

Last year alone, stablecoins accounted for $9 trillion in annual transactions, putting them in the same league as Visa and PayPal, and U.S. dollar denominated stablecoin supply now exceeds $270 billion.

The move to the mainstream has made stablecoins one of the most important tools for global finance. Cross-border money movement, B2B payments, and FX are driving a growing share of the volume, with stablecoins increasingly serving to upgrade the parts of the…