Experts concluded 2024 was successful for stablecoins

By December 2024, stablecoins have successfully reached a record-breaking circulating supply of over $200 billion.

Ethena founder Guy Young predicts that USDT will remain by far the leading stablecoin while the rest of the crypto market will be divided between new fintech projects. Young expects the stablecoin market to “cross $300 billion” and Tether to maintain its dominant position.

Alchemy Pay’s Ailona Tsik is convinced that USDT and USDC have already gained a reputation as vital instruments “for global transactions, and their adoption across emerging markets and decentralized applications will likely accelerate.”

Cuy Sheffield from Visa believes that stablecoin integration can simplify international money transfers. However, the currently available opportunities to use stablecoins remain limited.

“If 2024 was the year stablecoin demand picked back up, 2025 will introduce the next pivotal opportunity: the rise of stablecoin-linked cards,” Sheffield notes.

Uphold CEO Simon McLoughlin is confident that in the medium term, stablecoins can become a widely accepted means of conducting cross-border financial operations.