Morph Report Shows Stablecoins Reshaping Global Payments Infrastructure

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A new report by Morph indicates that stablecoins are increasingly moving beyond crypto trading to reshape global payments infrastructure. In 2025, stablecoin market capitalization reached $312 billion, with transaction volumes hitting $33 trillion, surpassing Visa and Mastercard combined, largely driven by B2B payments. Morph projects settlement volumes to exceed $50 trillion by the end of 2026, with SWIFT potentially introducing a stablecoin settlement layer and many Fortune 500 companies piloting stablecoin payments.

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