According to PANews, Delphi Digital has released its annual infrastructure outlook report for 2026, highlighting stablecoins as a central focus in the cryptocurrency sector. The report reveals that the total supply of stablecoins has increased by 33% this year, surpassing $304 billion. Adjusted monthly transaction volumes have now exceeded those of Visa and PayPal, and stablecoins hold $133 billion in U.S. Treasury bonds, ranking as the 19th largest holder.
The report notes the irony of crypto companies competing with traditional payment channels. While stablecoin recharge cards circulating through the Visa network represent a significant step, they have yet to establish a new paradigm. Without solutions that allow for autonomous control over daily spending and storage, many competitors may eventually be eliminated. Traditional giants have recognized this trend, with Stripe integrating the USDB stablecoin following its acquisition of Bridge, PayPal launching PYUSD, and Klarna announcing KlarnaUSD. As fintech companies increasingly issue stablecoins, the market battle has begun. The true winners will be those who can fundamentally transform the underlying payment infrastructure, rather than merely optimizing the interface.