Inside the Stablecoin stampede, as mainstream financial giants rush to cash in on the crypto coin
By Lydia Moynihan
Published on April 3, 2026.
Stablecoins processed $33 trillion last year, 20 times the amount of transactions that PayPal did. Major financial giants like BlackRock, credit cards like Visa and World Liberty Financial are all eager to capitalize on this. The cryptocurrency allows money to be transferred instantly and without significant fees. Stablecoins are pegged to the dollar and designed to be less volatile than Bitcoin, and are seen as key investments by sovereign wealth funds, family offices, and asset managers. Ripple CEO Brad Garlinghouse believes this is just the beginning of this trend, citing the Genius Act's passage and the success of early adopters as examples.
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