Stablecoins are everywhere right now. Visa and Mastercard are backing a new stablecoin. Banks are tokenizing deposits. Payment companies announce integrations almost weekly. I spend my days inside this industry, and even I find the pace hard to keep up with.
So here's what I think the next twelve months look like. Stablecoin adoption stops being a crypto decision and becomes a product decision. Users won't choose stablecoins. Applications will choose them, for faster settlement, lower costs, and reach into markets that traditional rails serve badly. Users will just notice their money moving better. The technology succeeds by disappearing.
The more interesting shift is happening on both sides of it. Wallets are starting to look like banks: holding digital dollars, earning yield, paying bills. And banks are starting to look like wallets: tokenizing deposits, settling around the clock. I think these two converge on feature parity, and whoever gets there best earns the customer relationship. For wallets, the missing pieces are the banking ones: compliance, fiat connectivity, real consumer protections. For banks and fintechs, the missing piece is the onchain one. Transak sits exactly in that middle, doing the conversion between fiat and stablecoins inside the apps people already use, across key markets globally. It's the least glamorous layer of the industry, and the one both sides need to reach each other.
That shift is also why we chose to back Money Code as presenting sponsor. The conversations that matter now are operator conversations: people building with stablecoins in production, talking about what actually works. That's the show Rob and Nick are making, and we're glad to be in early. If this season does its job, you'll hear less about what stablecoins might do someday, and more from the people making them work today.