STABLECOINS ARE MOVING FROM TRADING TO PAYMENT INFRASTRUCTURE

Summary from the TLDR Fintech newsletter

Stablecoins moved $33 trillion in 2025. Only about $390 billion of stablecoin activity that year went to real-economy payments for goods and services, roughly 1% of the total. The industry has largely solved how to create and move digital dollars. What it has not solved is what happens next: when someone wants to use that balance to pay a supplier, send money home, or buy something without converting back into fiat first.