The Stablecoin Ecosystem Expands Rapidly Amid Clearer Regulations
 

The stablecoin market is undergoing significant growth as governments solidify regulatory paths:
 

In the EU, the MiCA (Markets in Crypto-Assets) framework is now fully in effect;

In the US, the STABLE Act and GENIUS Act are progressing through Congress;

Major financial firms like Mastercard, Visa, and Stripe are rapidly launching stablecoin services.
 

Stablecoins’ utility in cross-border payments and asset stability is earning them a place in mainstream financial systems.
 

 

Here are five leading stablecoin projects currently shaping the global market.
 

Tether Plans Domestic Launch for a US-Only Stablecoin
 

Tether, the world’s largest stablecoin issuer, announced plans to launch a domestic version of its USD-based stablecoin specifically for the US market.
 

CEO Paolo Ardoino confirmed on April 30 that this new coin would be separate from the international version (USDT) and designed to comply with domestic regulations.
 

 

The move comes amid a more crypto-friendly stance from the current US administration and is expected to help Tether expand into regulated US financial systems.
 

Trump-Linked Project USD1 Gains Momentum
 

In March 2025, World Liberty Financial (WLFI), a crypto project tied to the Trump family, launched USD1, a stablecoin issued on the BNB Chain and Ethereum. The coin’s market cap has already surpassed $2 billion.
 

Following memecoins like TRUMP and WLFI that leveraged the Trump brand, USD1 has attracted massive attention—though also raised concerns from US lawmakers over potential conflicts of interest.
 

 

US Banks Custodia and Vantage Launch Avit on Ethereum
 

Custodia Bank and Vantage Bank partnered to launch Avit, a bank-issued stablecoin, on the Ethereum blockchain using the ERC-20 standard.
 

According to Custodia CEO Caitlin Long, Avit is "a tokenized real dollar" backed by demand deposit accounts that users can redeem on demand—marking a significant milestone for US bank-issued digital assets.
 

The project aims to expand further into the UK and European markets.
 

Stripe Tests Cross-Border Stablecoin Product
 

On April 28, Stripe CEO Patrick Collison announced a USD-pegged stablecoin product for non-US markets, expanding Stripe’s crypto capabilities.
 

This follows Stripe’s $1 billion acquisition of stablecoin network Bridge in 2024. Bridge was co-founded by former Coinbase executives and aims to disrupt traditional payment networks like SWIFT.
 

 

Stripe resumed crypto development in 2021 and now supports USDC payments in over 70 countries.
 

UAE’s First Abu Dhabi Bank to Issue Dirham Stablecoin
 

First Abu Dhabi Bank (FAB), along with local holding firms, announced plans to launch a dirham-backed stablecoin on the ADI Network, pending approval from the UAE central bank.
 

The ADI Network is operated by the nonprofit ADI Foundation and supported by Sirius International Holding, a local conglomerate with a $243 billion market cap.
 

The stablecoin aims to improve efficiency across finance, trade, and cross-border commerce in the Middle East.
 

Global Financial Giants Embrace Stablecoin Integration
 

On April 28, Mastercard partnered with OKX to expand stablecoin-linked card offerings;
 

On April 30, Visa launched stablecoin payment support across six Latin American countries in partnership with Stripe and Bridge;
 

Japan’s SBI VC Trade announced it would support USDC, following more flexible regulations on foreign stablecoins.
 

With regulatory clarity on the rise and institutional participation growing, stablecoins are evolving beyond a niche crypto product. They are now positioned as a bridge between blockchain innovation and traditional financial systems.
 

AccGn will continue monitoring stablecoin developments closely to ensure our users benefit from efficient, secure, and forward-thinking digital asset solutions.

 — AccGn News Team