The Stablecoin Founder Map Doesn’t Match the Stablecoin Volume Map
In brief Stablecoin volume topped $28 trillion in 2025, beating Visa and Mastercard combined, yet founders and venture capital stay concentrated in the U.S. and Europe. The real demand is in emerging markets, where stablecoins are a financial lifeline: Nigeria has 26 million-plus crypto users, and Argentina’s stablecoin purchases top half of all exchange trades….