PANews reported on April 25th that a new report from a16z indicates that stablecoins have successfully transitioned from cryptocurrency transaction settlement and store-of-value tools to global financial infrastructure. Their application focus is shifting from cross-border payments to local payments, with significantly accelerated penetration in markets such as Asia and Brazil. Key data includes:

1. Transaction volume: Following the enactment of the GENIUS Act, the adjusted transaction volume in Q1 reached $4.5 trillion;

2. C2B payments: Consumer-to-merchant transactions increased by 128% year-on-year, reaching 284.6 million transactions;

3. Stablecoin cards: Monthly collateralized deposits increased from nearly zero at the end of 2024 to over $300 million, with payment scenarios expanding rapidly;

4. Circulation efficiency: The circulation speed increased from 2.6 times at the beginning of 2024 to 6 times, marking a shift from "holding" to "high-frequency use".

The report emphasizes that clear regulation and improved underlying blockchain performance (low cost, second-level settlement) are key drivers for stablecoins to break free from the crypto speculation cycle and integrate into the real economy, reshaping the global payment and clearing landscape.