2025–theyearofpaymentstablecoins2025–theyearofpaymentstablecoinsLayingthefoundationInour2023publication,EngagingwithStablecoins,andourinauguralAsaresult,weexpect2025tobe“Theyearofthepaymentpiecein2021,SoYouWanttobeaStablecoinIssuer,weexploredstablecoin,”potentiallycreatingnewopportunitiesforawiderangethedynamicsofthisinnovativedigitalassetclass,highlightingofmarketparticipants.complexities,marketdisruptions,andtheevolvingregulatorylandscapebothintheUnitedStatesandglobally.1FastforwardtoInthisnextinstallmentinourstablecoinseries,wewilldelvedeeper2025,andmultipleforcesappeartobeencouraging“traditional”intothecurrentstateofpivotalregulatorydevelopments...