In 2024, stablecoins went from niche curiosity to undeniable powerhouses, driven by a wave of regulatory clarity and TradFi adoption. Major institutions (Visa, PayPal, Stripe) and emerging regulations (MiCA, GENIUS/​STABLE Act) are reshaping the landscape, pushing stablecoins toward a trillion-dollar market. This post maps out how these forces intersect—highlighting why stablecoins will soon rival traditional payment rails and legacy banking.