Global financial systems anticipate significant stablecoin impact by 2025.
Key market insights predict a $235 billion stablecoin issuance.

The rise of stablecoins is reshaping the global financial landscape, illustrated by Gan Tian, the CEO of Huaxia Fund, highlighting their rapid growth and surpassing of Visa's 40-year transaction volume in just five years. This underlines a shift in currency utilization.

Stablecoins’ ascent marks a significant impact on the traditional financial system, with expectations of $235 billion in global issuance by 2025, drastically altering settlement models according to industry leaders. The current momentum signals profound shifts in transactional practices.

Stablecoins Overtake Visa: A Five-Year Milestone
Gan Tian's announcement indicates that the issuance of stablecoins is projected to exceed $235 billion by May 2025. This surge reflects the increased reliance on digital currencies for transactions worldwide. Such a rapid increase in issuance showcases the declining dependence on traditional financial mechanisms.

Significant changes are anticipated as stablecoins have already surpassed Visa’s 40-year transaction volume within just five years. This rapid growth demonstrates the critical position stablecoins now hold in both cryptocurrency and traditional financial markets, suggesting large-scale integration of digital currencies. Market experts and leaders in the financial sector have reacted by acknowledging the transformative potential of stablecoins. Notably, Xiao Feng, Vice Chairman of Wanxiang Holdings, has recognized these digital assets as a significant evolution in currency, laying the foundation for widespread acceptance.

"Stablecoins represent a new stage in the evolution of currency, which can be referred to as 'tokenized currency.' Based on distributed ledger technology, stablecoins enable peer-to-peer transactions without the need for intermediary institutions to align information... The advent of stablecoins also marks the emergence of the digital twin trend, which involves bringing real assets onto the blockchain for tokenization." - Xiao Feng, Vice Chairman, Wanxiang Holdings

Historical Context, Price Data, and Expert Analysis
Did you know? In just five years, stablecoins have facilitated a volume triple that of traditional payment systems, reaffirming their utility and adaptability in the evolving financial ecosystem.

According to CoinMarketCap data, Tether USDt (USDT), priced at $1.00, holds a market cap of approximately $157.61 billion, representing a dominance of 4.73%. Its recent trading volume reached $51.69 billion, with a slightly negative 24-hour price movement. These statistics illustrate USDT's significant role as a stablecoin leader in the digital currency market.
tether-usdt-daily-chart-149

Insights from Coincu research team suggest that the growing use of stablecoins will likely accelerate financial digitization efforts. Regulatory frameworks are evolving to accommodate the expanding stablecoin market, propelling further integration into traditional financial infrastructures. These platforms may drive increased innovation in cross-border transactions.

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Bakkt files to raise $1B for Bitcoin accumulation strategy, aiming to join top 10 public BTC holders with potential 9,364 BTC purchase.

Bakkt Holdings has submitted a filing to the U.S. Securities and Exchange Commission (SEC) to raise up to $1 billion to support the company’s new Bitcoin and digital asset strategy. This decision follows the recent June 2025 update on its investment policy in which it is able to invest in Bitcoin and other crypto assets.

Bakkt $1 Billion Plan for Bitcoin Strategy
According to the SEC filing, Bakkt may issue Class A common stock, preferred stock, debt securities, warrants, or combined units. The shelf registration allows the company to raise capital in phases without filing new registration forms for each issuance.

This approach gives Bakkt the ability to time capital raises according to market conditions and company needs. Proceeds may go toward acquiring Bitcoin, supporting crypto treasury initiatives, and fulfilling other general corporate purposes.

Bakkt’s updated policy enables the firm to use excess cash, debt issuance, or funds from securities sales to purchase digital assets. As of now, the company has not made any Bitcoin or crypto purchases, based on the filing.

Bitcoin Acquisition Potential Based on Current Price
Bakkt’s strategy aligns with a growing trend among companies using crypto as part of their treasury strategy. In case Bakkt decides to buy Bitcoin with all the $1 billion raised, it would get about 9,364 BTC at the current Bitcoin price of $106,800.

With this purchase, Bakkt would be ranked in the top ten public companies that own Bitcoin and ranked just above Coinbase that has 9,267 in its reserve. Consequently, if Bakkt moves forward with a full allocation, it could become one of the largest institutional holders of Bitcoin, following companies like Strategy and Marathon Digital.

Co-CEO Akshay Naheta, who was appointed in March, said,

“This initiative is intended to support Bakkt’s transformation into a pure-play crypto infrastructure company and to enable us to strategically add Bitcoin and other digital assets to our treasury.”

Shift Toward Crypto Infrastructure
Founded in 2018 with backing from Intercontinental Exchange, Bakkt initially launched as a provider of physically settled Bitcoin futures. The platform was not successful with futures trading but succeeded in diversifying to offer crypto custody and loyalty rewards programs.

In 2021, the company went public with a SPAC merger and has since ventured into various sectors in the crypto space. With the new capital strategy, Bakkt plans to reorient toward digital asset infrastructure, aiming to strengthen its position in the crypto finance sector.

Subsequently, Bakkt is entering a growing group of public firms investing directly in crypto assets. Saylor led Strategy leads this group with 592,345 BTC, Marathon Digital comes in second holding 49,678 BTC, followed by XXI with 37,230 BTC.

Riot Platforms and Galaxy Digital complete the top five with 19,225 and 12,830 BTC respectively. If Bakkt deploys its full $1 billion into Bitcoin at current prices, it could rank 9th just below Elon Musk’s Tesla and Hut 8 Mining Corp in terms of BTC holdings.

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Spot Bitcoin ETFs have seen almost $1.5 billion in inflows so far this week as institutional investors are driving the markets. In just three trading days, aggregate inflows for US spot BTC funds totalled $1.48 billion, according to Farside Investors. Additionally, there has not been an outflow day since June 6, almost three weeks ago.

Its “absolutely ridiculous,” said ETF Store President Nate Geraci, who observed almost $4 billion in new capital and the total aggregate inflow approaching $50 billion since the products launched 18 months ago.

ETFs On Fire
BlackRock’s iShares Bitcoin Trust (IBIT) has been hoovering up the most with a more than 9,400 BTC purchased this week alone. The fund has seen an aggregate inflow of almost $52 billion since it launched, with Wednesday seeing a further $340 million in inflows, according to Farside Investors.

Its closest competitor is Fidelity, which saw $115 million in inflows on June 25 and has a total aggregate inflow of $11.7 billion. The other nine products are small fry in comparison.

In related news, ETF issuers Invesco and Galaxy filed for a Solana ETF on Wednesday, bringing the total to nine issuers that have filed for Solana funds, reported Bloomberg ETF analyst James Seyffart.

Meanwhile, Bitcoin has been recognized as a reserve asset by the US housing system in a “defining moment for institutional BTC adoption and collateral recognition,” said Michael Saylor.
Bitcoin Dominance Surges
Bitcoin prices have gained almost 10% since their sub-six-figure dip earlier this week. The asset has tapped $108,100 twice in the past 24 hours but fell back to $107,800 during the Thursday morning Asian trading session.

The latest move has resulted in Bitcoin dominance returning to a four-year high of 65.7% this week as Ethereum and the altcoins have remained stagnant.
Traditionally, Bitcoin dominance takes 1-2 months to rally from a successful retest of 64% support up to 71%. However, this cycle has shown extended timeframes – for example, a retest that took 2 months in 2019 stretched to 4 months in the current cycle, said analyst ‘Rekt Crypto.’
He added that many traders are hoping for a quick rally to 70% to get the dominance move over with quickly.

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Circle Internet Group Inc. shares closed at a record high of $263.45 Monday, extending a remarkable 750% surge since the company's June initial public offering as investors bet on the future of digital currency payments in the United States.

What to Know:
Circle's stock has gained 750% since its June 5 IPO, driven by optimism about stablecoin regulation and adoption
The company operates USDC, the second-largest stablecoin by market share, pegged to the US dollar
Analysts remain divided on whether stablecoins will become widely accepted payment methods in America
The digital currency firm's shares gained 9.6% Monday before falling as much as 8.1% Tuesday, pausing an advance that began with a 168% jump on the first day of trading from its $31 IPO price.
Circle has emerged as the primary beneficiary of growing enthusiasm around stablecoin regulations. The company stands as one of the few publicly traded firms with direct exposure to stablecoin-linked assets, positioning it at the center of a heated debate about the future of digital payments.

The rally gained momentum in mid-June when the US Senate passed landmark legislation establishing regulations for stablecoins. These digital currencies maintain their value by being pegged to the US dollar, representing a significant victory for both the cryptocurrency industry and President Donald Trump, whose affiliated stablecoin with World Liberty Financial already commands a roughly $2 billion market value.

Corporate America Embraces Digital Currency
The stablecoin wave has swept beyond Circle to other major corporations. Fiserv Inc. shares rose 4.4% Monday after the financial technology company announced plans to launch its own stablecoin platform for clients, collaborating with Circle and Paxos Inc. on the underlying infrastructure.

Mastercard Inc. revealed Tuesday a partnership with Fiserv to integrate stablecoin technology across its credit card products and services. The announcements have intensified pressure on traditional payment companies like Visa Inc., as retail giants Walmart Inc. and Amazon.com Inc. reportedly explore issuing their own stablecoins.

Industry observers note that corporate adoption signals a potential shift in how Americans conduct transactions. However, the transformation faces significant skepticism from financial analysts who question whether stablecoins can meaningfully challenge established payment systems.

"We are highly skeptical stablecoins will ever be a relevant payment method in the US," wrote Jefferies analyst Trevor Williams in a Monday research note. "The current card-based system works: it's convenient, secure, and rewards-rich."

Williams expressed concerns that stablecoins might create a clunky consumer experience without offering substantial discounts or reward incentives that would motivate widespread adoption.

Market Dynamics and Valuation Concerns
Circle's meteoric rise has raised questions about sustainability and market fundamentals. The company's price-to-earnings ratio has reached nearly 180, a substantial premium compared to the broader S&P 500 Index, which trades at approximately 22 times forward earnings.

RIA Advisors portfolio manager Michael Lebowitz remains unconvinced that stablecoins will significantly disrupt traditional payment processors. He views stablecoins as offering services similar to money market funds for cryptocurrency traders rather than revolutionizing mainstream payments.

"I'm not sold that it's really going to kill Visa or hurt Visa because a lot of that money in cryptocurrency was not going to be used," Lebowitz said.

The stock's gains may be amplified by technical factors including low free float. Circle's free float stands at just 25%, compared to an average of 95% for S&P 500 companies, potentially contributing to heightened volatility and outsized price movements.

Gilgamesh Ventures founding partner Miguel Armaza warned that Circle's elevated valuation multiples remain sustainable only if the company materially improves net margins and earnings over the next year. "Any execution hiccups, unexpected regulatory setbacks, or macroeconomic headwinds could easily compress the company's multiples," Armaza said.

Growth Potential and Market Expansion
Despite analyst skepticism, several developments suggest continued stablecoin market expansion. Circle announced in April plans to launch a payments network helping financial institutions settle cross-border transactions using stablecoins.

This month, Shopify Inc. said it would roll out USDC payments for merchants and customers globally, indicating growing commercial acceptance of the digital currency format.

Strahinja Savic, head of data and analytics at FRNT Financial, believes bipartisan US support and new legislation will drive stablecoin demand. Circle's established market position provides advantages in addressing this anticipated growth, he noted.

The company also benefits from retailers seeking cost savings and investors wanting increased exposure to cryptocurrency markets through public equity investments. "In this context, the stars have aligned for stablecoins and we're seeing that translate into remarkable performance for Circle," Savic said.

Closing Thoughts
Circle's extraordinary stock performance reflects broader market optimism about stablecoin adoption, though fundamental questions remain about whether digital currencies will achieve mainstream payment acceptance. The company's future trajectory depends largely on regulatory clarity and consumer adoption patterns that have yet to fully materialize.

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Metaplanet seeks to expand its Bitcoin holdings.
$5 billion allocated for BTC purchase.
Major move positions company as top BTC holder.

This significant financial maneuver positions Metaplanet as a leader in corporate cryptocurrency investments, potentially influencing market dynamics and investor strategies globally.

Metaplanet's Ambitious Bitcoin Investment Metaplanet, a leading Japanese enterprise, has made headlines by approving a $5 billion fund to bolster its Bitcoin treasury. This bold move aims to elevate holdings to 210,000 BTC by 2027. Metaplanet allocates $5 billion for Bitcoin treasury investment The decision underscores Metaplanet's ambition to secure its status as the world's largest corporate Bitcoin holder. With substantial financial backing, the firm foresees major shifts in the digital asset landscape.
Building on its previous milestone when it held 11,111 BTC, this initiative promises to enhance Bitcoin demand, affecting prices and liquidity.

As no direct quotes or statements from company executives or notable figures were retrieved in the search results, there are no specific quotes to present from individuals in relation to the news about Metaplanet's $5 billion Bitcoin Treasury expansion. However, the summary provides a comprehensive overview of the event, emphasizing the significant financial allocation and the company's ambitious goal of holding 210,000 BTC by 2027.

While immediate reactions remain subdued, industry experts speculate this could drive Bitcoin's price and influence future corporate treasury strategies globally. According to CoinDesk's analysis, anticipated outcomes include increased liquidity in Bitcoin markets, potential regulatory discussions, and shifts in institutional investment trends. Historically, such acquisitions have amplified attention on Bitcoin and may provide catalysts for future price movements.

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