Stablecoins evolving into core infrastructure for institutional markets, Moody's says

Stablecoins are transforming from a crypto-native tool into a core foundation for institutional markets, according to the 2026 Outlook report from global credit rating agency Moody's. The agency estimates that stablecoins processed 87% more payment volume in 2025 than in the prior year, amounting to approximately $900 million based on on-chain transactions, Cointelegraph reported. Moody's explained that stablecoins are evolving into a form of digital cash for liquidity management, collateral, and settlement, adding that the financial system is becoming increasingly tokenized.