Year of the Stablecoin: Regulatory Milestones and Wall Street’s Embrace
2025 has emerged as the definitive year for stablecoins, with dollar-backed digital assets gaining unprecedented traction at the highest levels of U.S. policy and finance. The Trump-affiliated World Liberty stablecoin USD1 launched in March, followed by Vice President JD Vance's endorsement of stablecoins as economic "force multipliers" at May's Bitcoin Conference.
Circle's landmark $20 billion IPO catalyzed what industry observers term "stablecoin summer," while the GENIUS Act's passage marked the first direct U.S. regulatory framework for digital assets. Even JPMorgan's Jamie Dimon—a longtime crypto skeptic—has quietly advanced blockchain initiatives, underscoring the institutional inevitability of dollar-digitization.