TradFi Doesn’t Know Bear Market? Giants Loving Stablecoins! ❤️

Welcome to PayFi Weekly by Transak.

Crypto is still down, sentiment is shaky, and most charts look tired. Yet, stablecoins are not budging from the $300 billion mark!

This week has some positivity for all of us despite the bleeding charts.

Let’s get into it! 👇

💱 Stablecoin Snapshot

It’s clear from the noises from the walls and the graph that the 300 billion dollars in circulating supply is a product from steady demand for on-chain dollars at a time when everything else is cooling off. Not from hype. Not from leverage.

🌍 What the data shows

• Total supply is sitting around 300 billion dollars, even with the broader market in decline.

• Year-on-year growth is still strong, showing that stablecoins are becoming a default choice for moving and storing value on-chain.

• This trend holds without flashy bull market catalysts, which makes it even more interesting.

🔍 Why it is happening now

• People want dollar stability, especially in a shaky market.

• Cross-border payments, remittances, and B2B flows continue to shift toward stablecoins because they are fast and predictable.

• Institutions that sat on the sidelines are now experimenting quietly as regulatory clarity improves.

💡 Even in a down market, digital dollars are scaling. That signals a long-term shift in how global money moves. More on-chain liquidity means bigger opportunities for payment rails that connect fiat and tokens cleanly.

⚖️ Regulation

🇰🇷 S. Korea is preparing a unified crypto regulatory regime under its “Digital Asset Basic Act” that will require stablecoin issuers to obtain licences, meet reserve/capital standards and face local-branch obligations for foreign issuers. 👉 Read full article

🇧🇷 Brazil is exploring extending its financial transactions tax to international transfers using virtual assets and stablecoins, after reclassifying such transfers as foreign-exchange operations from February. 👉 Read full article

🌍 Adoption

🇰🇷 Wemade and its blockchain arm Wemix are launching a dedicated main-net (“StableNet”) for a Korean-won pegged stablecoin aimed at cheaper global payments, merchant use and exporting “K-finance”. 👉 Read full article

🇩🇪 The German exchange group has entered into a partnership with the European stablecoin issuer Société Générale-FORGE to explore token-based collateral and settlement solutions, signalling traditional finance institutions moving deeper into regulated stablecoin infrastructure. 👉 Read full article

🛠 Tech & Partnerships

🔵 Circle has introduced xReserve, a smart-contract-based infrastructure that lets blockchain teams deploy USDC-backed stablecoins interoperable with USDC itself across chains, reducing siloed liquidity and bridging risk. 👉 Read full article

🟣 Revolut’s UK/EEA users can now send USDC, USDT and POL via Polygon’s rails for remittances/crypto-transfers. 👉 Read full article

🌍 Everything Else

💰 The startup has secured $37 million to establish an incubator (modelled on Y Combinator) focused on yield-generating, real-world-asset backed stablecoins. 👉 Read full article

They introduce “OpenTrade Stablecoin Staking Yield” on the Solana network offering ~15 % APR by staking SOL and hedging via perpetual futures; custody is handled by Crypto.com. 👉 Read full article

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