2026 | Q2 Report

Our Quarterly Report

Stablecoins represent a fundamental paradigm shift that moves beyond simple efficiency gains to redefine money as a programmable, multi-functional tool for a digital-first economy. While the technology is currently being retrofitted into legacy financial models, its true potential lies in a total redesign of global payments architecture to support more fluid and machine-readable workflows. To document this transition, the "State of Stables" report provides quarterly analysis of the data, emerging product types, and the visionary entrepreneurs driving the industry forward. By tracking both technological breakthroughs and the evolving regulatory landscape, this ongoing series captures the real-time transformation of how value is moved and managed globally.