Stablecoins in 2025: Developments and Financial Stability Implications

Francesca Carapella, Arazi Lubis and Alexandros Vardoulakis
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Alexandros Vardoulakis: https://www.federalreserve.gov/econres/alexandros-vardoulakis.htm

No 2026-04-08-2, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: This note examines recent developments in the stablecoin industry and their implications for financial stability. During 2025, stablecoins have grown by about 50 percent in terms of market capitalization, with transaction volume and use in DeFi protocols also surging.

Date: 2026-04-08
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:103072

DOI: 10.17016/2380-7172.4020

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