In North America, Stablecoins Go From Concept to Core
The release of our State of Stablecoins report coincided with my time in Toronto for Consensus 2025, and I could not have asked for better timing. Stablecoins were everywhere: on-stage, in hallway conversations, across the expo floor. This wasn’t just crypto-native energy. It was banks, fintechs, regulators, and payment providers all coming to the same conclusion: stablecoins are no longer theory. They’re infrastructure.