Morning Edition · Sunday, June 28, 2026
Stablecoin Demand Cools Even as Visa and Stripe Build the Next Layer of Rails
Dollar-token supply sits above $312 billion, but some demand signals are weakening while large payment companies invest for a future surge in adoption.

Stablecoins are receiving more policy attention in 2026 than at almost any earlier point, with lawmakers and payment firms treating dollar tokens as financial infrastructure rather than a minor part of crypto. Yet some of the clearest deman…
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Race to Bank and Distribute Stablecoin Reserves
Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.
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