December 19, 2025
Coinbase's System Update 2025 made one thing clear: stablecoins aren't just for payments anymore.
They're the liquidity layer underneath everything.
Stock trading? Liquidity pairs USDC.
Prediction markets? Powered by USDC.
Custom stablecoin issuance? Offered as a service and powered by USDC.
Tokenized equities? You guessed it, USDC as the base trading pair.
This isn't just a product announcement. It's a signal.
The infrastructure for tokenized finance is being built on stablecoins.
To help you make sense of the shift, we're digging into the Stableminded archives this week — three conversations with the builders behind stablecoin issuance, global liquidity, and card settlement infrastructure.
Plis we cover:
New on Stabledash: A Stablecoin Strategy Framework for Fintechs and The Hidden Banking Layer Behind Stablecoin Payments
Stableminded Archives: Three episodes on the infrastructure making this shift possible
News: Exodus partners with MoonPay and M0 to launch an in-app USD stablecoin; Sky Protocol posts $168M annualized profit; Paxos transitions to full OCC national oversight; Visa enables USDC settlement for all U.S. card issuers; Brale and Coinflow introduce a co-branded stablecoin stack and more
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Top Story
Raj is the Head of Stablecoins at Monad Foundation
Stablecoins are no longer optional for fintechs, they’ve become a core part of the modern payment stack. The article argues that before asking “Should we do stablecoins?”, leaders must first define the actual problem they’re solving: faster settlement, cheaper cross-border, better treasury yield, or global expansion.
Stablecoins won’t magically modernize a fintech. The winners will be those who adopt them strategically — aligning technology, compliance, and distribution into a coherent competitive edge.
News from this Week
Click the story to read more
Stabledash Archives
The headlines move fast. The infrastructure underneath takes longer to understand. We're digging into the archives to help you contextualize this week's news and hear directly from the builders behind the scenes.
Greg Di Prisco and Luca break down how M0 abstracts issuance complexity so builders can focus on applications. Essential context for the Exodus announcement.
Cuy Sheffield (Visa's Head of Crypto) and Rain’s Farooq Malik reveal how stablecoin rails are becoming the backbone of card network settlement.
Kevin Lehtiniitty explains how fintechs still need unified rails connecting stablecoin and fiat systems across 15+ markets.
Wrap Up
You can dive deeper into all of these stories and more on Stabledash, your single place to navigate the stablecoin industry online.
We'll be here every step of the way to help you understand the shifts, the risks, and the opportunities ahead.
Until next time,
Stay stable