A wave of commercial expansion took shape in 2025. As regulatory clarity advanced, institutions moved from exploring stablecoins to using them in real financial workflows. @USDC, EURC, and USYC began showing up across payments, treasury, settlement, and capital markets. What changed wasn’t just adoption. It was confidence. Confidence that regulated, fully reserved digital assets can operate inside the financial system. Confidence that real-time, cross-border settlement can scale. Confidence that assets, applications, and infrastructure can work together. This is stablecoins moving from the edges of finance into the core. Read more in Circle’s 2025 Year in Review: https://www.circle.com/executiveinsights/circle-2025-year-in-review(Circle)