5月13日，Defillama數據顯示，穩定幣的市場價值達到2428.21億美元。
Author: Weilin, PANewsOn May 13, defillama data showed that the market value of stablecoins reached 242.821 billion U.S. dollars. Among them, Tether's USDT market value exceeded 150 billion U.S. dollars for the first time, reaching 150.663 billion U.S. dollars, accounting for 62% of the market value. Closely following is Circle's USDC, which accounts for nearly 25% of the stablecoin market.In recent months, there have been continuous developments in the crypto market regarding stablecoins. For example, due to changes in the U.S. regulatory environment, Tether plans to launch a new dollar-backed stablecoin in the U.S. later this year. Circle submitted a public offering registration application to the U.S. Securities and Exchange Commission (SEC) on April 1, planning to go public.At the same time, giants with financial technology genes such as Stripe and PayPal are also actively entering the market. Combined with financial companies like BlackRock, traditional banks (like Bank of America and Standard Chartered Bank) and income-based stablecoin projects, these companies are expected to impact the situation where Tether and Circle share the world, bring more innovation to the stablecoin market, and promote mass adoption. Stablecoins are being used for cross-border payments, DeFi protocols, and on-chain transactions, and are also said by a16z Crypto to bring a "WhatsApp moment" in the currency field.In this article, PANews summarizes the recent stablecoin development trends of major technology and financial companies, providing a panoramic view of the track and demonstrating the industry impact they bring.Technology companies rush to stablecoin payments: Stripe, PayPal, Coinbase, etc.StripeOn May 7 and 8, Stripe announced the launch of the "Stablecoin Financial Account", which allows corporate users to hold account balances in stablecoins in 101 countries. In addition, they also released USDB through Bridge, a programmable stablecoin that developers can embed into their own applications and get rewards by building the USDB ecosystem.Stripe completed the acquisition of the stablecoin infrastructure platform Bridge for $1.1 billion in February 2025, further promoting the use of stablecoins in global payments. Bridge supports payment processing of stablecoins such as USDC, and Visa recently launched a payment card supporting stablecoins through Bridge.PayPalOn April 23, PayPal announced that starting in 2025, US users holding PYUSD in their PayPal or Venmo balances will receive a 3.7% yield. By offering a yield, they incentivize users to buy and hold stablecoins within their platform, while the use of PYUSD outside the platform can also bring more revenue to PayPal. The yield is just the first step, and there may be more measures to promote PYUSD trading volume and integration in the future.CoinbaseOn May 6, Coinbase launched the x402 payment standard, a stablecoin payment standard designed for Internet-native payments that aims to enable atomic transactions between APIs, applications, and AI agents.MetaOn May 9, Fortune reported that Meta, three years after abandoning the Libra/Diem project, is in preliminary talks with several crypto companies about the application of stablecoins, exploring cross-border payments to creators through stablecoins to reduce costs. Since January this year, former Plaid executive Ginger Baker has served as Meta's vice president of products, leading the relevant advancement.MoneyGramOn May 7, MoneyGram released “MoneyGram Ramps,” a stablecoin-enabled cash deposit and withdrawal channel covering more than 170 countries. MoneyGram has a global cash network and provides a new way for stablecoins to interoperate with daily consumption and spending.Traditional payment giants fight back: Mastercard and VisaOn April 28, Mastercard announced that it would cooperate with Circle, OKX, Paxos and other exchanges and wallets to launch a wider range of stablecoin integration, allowing consumers to spend stablecoin balances through Mastercard cards. At the same time, merchants can also directly settle fiat card payments into USDC.In addition, as mentioned above, on April 30, Visa announced a partnership with Stripe-backed Bridge to allow fintech developers to issue Visa cards pegged to stablecoins, allowing users to use stablecoin balances to pay at fiat currency sales points through the Visa network.These products significantly lower the threshold for users to adopt stablecoins by integrating with existing payment systems. Users do not need to worry about whether merchants support stablecoin payments, they can just use the bound Visa or Mastercard card to complete the payload. The two leading companies Circle and Tether consolidate their "moats", and Paxos launches a stablecoin allianceCircleOn April 21, Circle announced that it would launch the Circle Payments Network in partnership with a number of global banks and stablecoin startups to improve international payments. Circle directly challenges SWIFT and
作者：Weilin，Panewson 5月13日，Defillama數據顯示，Stablecoins的市場價值達到2428.21億美元。其中，Tether的USDT市場價值首次超過1.5億美元，達到1506.66億美元，佔市值的62％。緊隨其後的是Circle的USDC，該公司佔Stablecoin市場的近25％。最近幾個月，Crypto Market上關於Stablecoins的發展持續發展。例如，由於美國監管環境的變化，繫繩計劃在今年晚些時候在美國推出新的成本穩定股份。 Circle於4月1日向美國證券交易委員會（SEC）提交了公開申請註冊申請。結合貝萊德（Blackrock），傳統銀行（例如美國銀行和標準特許銀行）和基於收入的Stablecoin項目等金融公司，這些公司有望影響Tether and Circle Circle Enlise Enloans Enloans，為Stablecoin Market帶來更多創新，並促進大眾採用。 Stablecoins用於跨境支付，DEFI協議和鏈交易，A16Z Crypto也表示，在貨幣領域中帶來了“ WhatsApp時刻”。在這篇文章中，Panews總結了最近的Stablecoin開發趨勢，主要技術和金融公司的競爭範圍和全市範圍都呈現出來。 Stripe，PayPal，Coinbase等5月7日至8日，Stripe宣布啟動“ Stablecoin Financial帳戶”，該帳戶允許公司用戶在101個國家 /地區持有Stablecoins的帳戶餘額。此外，他們還通過Bridge發布了USDB，這是一種可編程的Stablecoin，開發人員可以嵌入自己的應用程序中並通過構建USDB生態系統來獲得獎勵。 Strope完成了對StableCoin基礎設施平台橋樑的收購，以11億美元的價格在2025年以11億美元的價格獲得了全球付費的使用，從而進一步促進了全球付費的使用。 Bridge支持USDC等Stablecoins的付款處理，以及Visa最近推出了一張支付卡，通過Bridge.paypalon 4月23日通過Bridge.PayPal宣布，PayPal宣布，從2025年開始，美國用戶持有Pyusd的PayPal或Venmo餘額將獲得3.7％的收益率。通過提供收益率，他們激勵用戶在其平台內購買和持有Stablecoins，而平台之外使用Pyusd也可以為PayPal帶來更多的收入。 The yield is just the first step, and there may be more measures to promote PYUSD trading volume and integration in the future.CoinbaseOn May 6, Coinbase launched the x402 payment standard, a stablecoin payment standard designed for Internet-native payments that aims to enable atomic transactions between APIs, applications, and AI agents.MetaOn May 9, Fortune reported that Meta, three years after abandoning the Libra/Diem Project正在與幾家加密貨幣公司的初步談判中有關使用Stablecoins的應用，並通過Stablecoins探索跨境支付，以降低成本。自今年1月以來，前格子執行薑餅貝克（Ginger Baker）一直擔任元元件副總裁，領導相關的進步。 5月7日，Moneygram發布了“ Moneygram Ramps”，這是一個啟用了StableCoin的現金存款和撤銷渠道，涵蓋了170多個國家。 Moneygram擁有一個全球現金網絡，為Stablecoins提供了一種與日常消費和支出相互互操作的新方法。 Straditional付款巨頭進行反擊：MasterCard和Visaon 4月28日，MasterCard宣布將與Circle，Okx，Paxos，Paxos和其他交流以及其他穩定範圍的Converance Contable Carts Contable Compertc，允許使用STABLECIN，可以與Circle，Okx，Paxos和其他交流和其他交流和其他交易所合作。同時，商人還可以直接將菲亞特卡付款定位到USDC中，如上所述，如上所述，簽證宣布與Stripe支持的橋樑建立合作夥伴關係，以允許Fintech開發人員與簽證卡發行簽證卡與StableCoins發行的簽證卡，從而使用戶通過穩定的銷售量來降低該產品的銷售。與現有的支付系統。用戶不必擔心商人是否支持穩定付款，他們只能使用綁定的簽證或萬事達卡卡來完成有效載荷。這兩家領先的公司循環和束縛了他們的“護城河”，Paxos於4月21日推出了一家Stablecoin Alliancircleon，Circle宣布將與許多全球銀行和Stablecoin Startups合作啟動Circle Payments Network，以提高國際付款。圓形直接挑戰迅速和
