Stablecoins are becoming the #1 blockchain use case đ
âȘïž $27.6 trillion in transfer volume - more than Visa and Mastercard combined (2024)
âȘïž Accounting for ~1% of the total U.S. dollar supply
But they can't be deployed or moved across ecosystems easily...
Seamless movement and deployment are key to its utility, and it will unlock a new renaissance for crypto đ âŸïž
Stablecoins are becoming essential to the global financial system.
But theyâre still fragmented across isolated blockchain ecosystems.
Hereâs how @axelar is powering the multichain future:
Stablecoins are evolving beyond just DeFi tools. Theyâre becoming a core infrastructure in the global financial system.
In 2024 alone, stablecoins processed $27.6 trillion in transfer volume, 7.7% more than Visa and Mastercard combined.
Today, stablecoins account for ~1% of the total U.S. dollar supply, while driving global payments, remittances, and decentralized finance.
But hereâs the catch:
Most stablecoins canât move natively across blockchain ecosystems.
And this is a big problem, because seamless movement is key to its utility.
USDC on Ethereum cannot easily be moved to Solana or Cosmos, without facing clunky bridges, high fees, and multiple token conversions.
Each chain requires its own bridging or wrapping solution â making stablecoin transfers slow, costly, and complex.
This fragmentation limits everything:
â Composability across ecosystems
â Capital efficiency for users
â And stablecoinsâ ability to serve as global money.
To unlock its full potential, stablecoins need to flow like the internet â seamlessly across multiple chains.
Thatâs where Axelar comes in.âŠ
.@axelar is a scalable interoperability layer securely connecting 70+ blockchains, including Ethereum, Solana, and Cosmos.
It enables native asset movement across isolated blockchain ecosystems.
No wrapping. No synthetic tokens. No extra trust assumptions.
And stablecoins?
Theyâre one of the major beneficiaries.
Hereâs what that looks like in action:|
1. @circle CCTP x Axelar
Circleâs Cross-Chain Transfer Protocol (CCTP) integrates with @axelar and extended beyond EVM chains.
The result?
Native USDC is now live across 70+ chains â bringing stablecoin liquidity to a previously disconnected ecosystem.
JSYK: Circleâs USDC covered 70% of stablecoin transfer volume in 2024
2. @squidrouter x Axelar
Squid is a cross-chain liquidity router built on Axelar.
With Squid, you can swap from USDC on Ethereum or Arbitrum to USDC on Solana in one click
No wrapping, No interfaces. No bridging headaches.
Stablecoins become instantly accessible, wherever you are.
3. Chain-native stablecoins, truly multichain
Many stablecoins are issued natively on a single chainâlike crvUSD (Ethereum), GHO (Aave), and USDT (Kujira).
With Axelar, these stablecoins can now move securely and natively across chains â no wrapping, just the original asset, natively routed to new ecosystems.
Whatâs more?
Stablecoin adoption is rapidly growing
Global economies and institutions are embracing stablecoins as essential infrastructure for payments, finance, and cross-border trade.
They need a solution that is secure, decentralized, and scalable.
Axelar powers this by enabling seamless, cross-chain movement of stablecoins â unlocking their full potential in the borderless, multichain future.


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