#StablecoinMarketCapHitsANewHigh $BTC $XAUUSD $GT The stablecoin market has reached a new peak with an annual growth rate of 50%. Major institutions like Visa, Mastercard, and JPMorgan have integrated blockchain infrastructure into their systems. The market growth, regulations, and tensions between traditional banks and stablecoin issuers have become more apparent. The total value of the stablecoin market has risen to $312 billion, setting a new record. This growth marks a statistical milestone as traditional payment giants and large financial institutions adopt blockchain-based systems. Over the past year, the market capitalization increased by approximately 50%. During the same period, transfer volume via stablecoins reached $11 trillion. In addition to Visa and Mastercard, institutions like JPMorgan and Citi have integrated blockchain infrastructure into their payment and transfer services. The total volume of dollar-based transfers on the blockchain reached $11 trillion last year. While Visa is known for processing about $12 trillion annually, the stablecoin market cap is approaching that size. A financial asset class that did not exist just 15 years ago is now nearing the level of today’s leading card payment infrastructure and attracting attention in the financial ecosystem. The 50% annual growth rate in the stablecoin market indicates its future development potential. If the market value continues to grow at this pace, a new target level could reach $468 billion within a year. Current data shows that the growth rate is not slowing down. Visa and Mastercard have already started using USDC for on-chain payments and transaction processes. This eliminates the need for intermediary bank infrastructure previously required for card payments. JPMorgan, Citi, and HSBC are conducting pilot programs related to tokenized deposits and blockchain-based payment services. Additionally, Mastercard has partnered with SoFi Technologies to enable real-time inter-company money transfers and cross-border payments using SoFiUSD. These developments are not limited to crypto-focused companies; major players in the international financial markets are also beginning to integrate stablecoin technology into their products for millions of customers. Originally starting as a speculative trading tool, this asset class has now become a fundamental component of financial infrastructure. Aon, a company operating in financial services, has launched a pilot program to facilitate the payment of insurance premiums with stablecoins. Circle Payments Network stands out as a service supporting international money transfers in regions such as the US, EU, Singapore, India, and the Philippines. These developments demonstrate that stablecoin infrastructure is integrating into the global financial system faster than expected. Market Share and Regulatory Agenda Tether holds approximately 59% of the market with USDT. Circle’s USDC accounts for about 25%. Together, these two assets control 84% of the market. Among the new entrants, Sky’s USDS has reached a market value of $7.9 billion, becoming one of the rapidly growing products. This growth is also reflected in regulatory discussions. Specifically, the US GENIUS Act and Europe’s MiCA regulation are establishing clear operational rules for stablecoin issuers. Similar regulations are being prepared in the Asia-Pacific region. In the US, Aon’s pilot program is based on the legal framework of the GENIUS Act. In Europe, MiCA provides a clear framework for regulated issuers. Globally, significant institutional adoption trends are becoming evident. Conflicts of Interest Between Banks and Stablecoin Issuers The $312 billion value of the stablecoin market indicates that this amount is moving outside the traditional banking sector. While JPMorgan is piloting tokenized deposits, it is also lobbying against regulations that require paying interest on deposits. Similarly, banks that have integrated stablecoin infrastructure into their products are initiating legal actions claiming that stablecoin issuers do not need banking licenses. This opposition highlights ongoing tension between the need to improve financial infrastructure efficiency and the revenue models provided by the current system. Traditional institutions are trying to protect their interests while adapting to new technologies.