“Stablecoins are not replacing payments infrastructure; they are being adopted where the advantages are most pronounced,” said Juniper Research Analyst Jawad Jahan. “Cross-border B2B is where those advantages are greatest, and where we expect the most sustained volume growth over the forecast period.”

He suggested stablecoin issuers should focus on enterprise integrations and treasury partnerships to capture the majority of this value.

Earlier this month, Chainalysis said stablecoins were on track to become a foundational layer of global finance, with adjusted transaction volumes projected to reach $719 trillion by 2035. The blockchain intelligence firm also said that when crypto becomes the default for the next generation, “the question is no longer if stablecoins compete with traditional rails, but how quickly they replace them.”

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Thomas Lee, chairman of BitMine and CIO of Fundstrat, on the main stage during Consensus Hong Kong 2026 (CoinDesk)

The firm has bought more than 5 million in ETH in just 10 months while most digital asset treasury companies have stopped accumulating.

What to know:

  • Ether treasury firm Bitmine bought 101,901 ETH last week, worth roughly $236 million at current prices, pushing its holdings above 5 million tokens.
  • The firm now owns 4.21% of ether’s total supply, extending its lead as the largest known ether treasury.
  • It also staked over 3.7 million ETH, generating about…

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