Stablecoins are increasingly recognized as a transformative force in global finance, evolving beyond their initial use as a digital payment method. In 2024, stablecoins processed approximately $5.5 trillion in volume across 1.5 billion transactions, with projections for 2025 indicating over $2 trillion in volume thus far and a potential to exceed $6 trillion by year-end. Additionally, stablecoins are facilitating up to $50 billion in cross-border payments each month. The market for stablecoins has grown to exceed $220 billion, underscoring their role as a backbone for the open economy. Various platforms, including Aave and Euler, have maintained stability amid market volatility, with no new bad debt reported. Research indicates that stablecoins are crucial for enhancing transaction efficiency, reducing costs, and providing a secure alternative to traditional financial systems.