{"id":1917,"date":"2026-06-27T20:23:38","date_gmt":"2026-06-27T20:23:38","guid":{"rendered":"https:\/\/xrpfaucet.site\/?p=1917"},"modified":"2026-06-27T20:23:38","modified_gmt":"2026-06-27T20:23:38","slug":"the-stablecoin-founder-map-doesnt-match-the-stablecoin-volume-map","status":"publish","type":"post","link":"https:\/\/xrpfaucet.site\/?p=1917","title":{"rendered":"The Stablecoin Founder Map Doesn&#8217;t Match the Stablecoin Volume Map"},"content":{"rendered":"<div class=\"crypto-article\">\n<p>\ud83d\udcf0 <strong>Exclusive Crypto News &#038; Analysis:<\/strong> Stay ahead with the latest developments in the cryptocurrency and blockchain space.<\/p>\n<p>\ud83d\udcc8 <strong>Market Update:<\/strong> Real-time price movements, technical analysis, and trading signals.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/img.decrypt.co\/insecure\/rs:fill:1024:512:1:0\/plain\/https:\/\/cdn.decrypt.co\/wp-content\/uploads\/2025\/06\/stablecoins-decrypt-style-01-scaled-gID_7.jpg@png\" \/><\/p>\n<div style=\"position:relative;overflow:visible;font-size:1.2em;line-height:1.58\">\n<div class=\"pt-8 pb-10 border-t border-b border-decryptGridline \">\n<h4 class=\"sc-b2a202e4-4 bNRGqr gg-dark:text-white\" color=\"#333\">In brief<\/h4>\n<ul>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">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.<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The real demand is in emerging markets, where stablecoins are a financial lifeline: Nigeria has 26 million-plus crypto users, and Argentina&#8217;s stablecoin purchases top half of all exchange trades.<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Alex Witt, General Partner at Verda Ventures, argues the funds backing founders in Lagos, S\u00e3o Paulo, and Manila now will reap the biggest stablecoin returns of the next decade.<\/li>\n<\/ul>\n<\/div>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Most assume the <a href=\"https:\/\/decrypt.co\/?post_type=post&amp;p=5761\" target=\"_blank\" rel=\"noreferrer\" class=\"sc-adb616fe-0 bJsyml\"><span class=\"sc-5475d909-4 fBeAzA\">stablecoin<\/span><\/a>  opportunity is centered where the capital is, in New York, San Francisco, and London. The largest stablecoin markets on Earth are in countries where most VCs have never held a meeting.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">In 2025, stablecoin transaction volume <a href=\"https:\/\/www.chainalysis.com\/blog\/stablecoin-utility-future-of-payments\/\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\">crossed $28 trillion globally<\/a>surpassing Visa and Mastercard combined. Most founders and capital remain concentrated in the U.S. and Europe, where stablecoins remain an institutional product. That layer is already contested: BlackRock, JPMorgan, and Fidelity are moving into tokenized money markets and enterprise settlement, leaving far less room for venture-backed startups than the narrative implies.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The real demand is happening somewhere else. Nigeria alone has over <a href=\"https:\/\/business.quidax.io\/sectorial-report\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\">26 million<\/a> crypto users, more than one in eight adults, and 59% of them hold USDT. Across Latin America, stablecoin flows represent 7.7% of regional GDP according to <a href=\"https:\/\/www.imf.org\/en\/publications\/wp\/issues\/2025\/07\/11\/decrypting-crypto-how-to-estimate-international-stablecoin-flows-568260\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\">IMF data<\/a>. The question is no longer whether emerging markets matter. The question is why so many VC portfolios still behave like that data does not exist.<\/p>\n<h2 class=\"sc-b2a202e4-2 bmropA gg-dark:text-white scene:font-itc-avant-garde-gothic-pro scene:font-light\" style=\"margin-top:2em;text-align:left;padding-bottom:16px;margin-bottom:16px;border-bottom:1px solid #dfe2e4\" color=\"#333\">The stablecoin volume map does not match the founder map<\/h2>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Stablescape, which tracks over 3,000 stablecoin and crypto-fintech companies globally, finds that 1,300 are based in the United States. Emerging markets across Latin America, sub-Saharan Africa, Southeast Asia, and the Middle East represent just 32% of tracked companies, despite generating the majority of real-world stablecoin volume.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">In Argentina, stablecoin purchases make up <a href=\"https:\/\/www.chainalysis.com\/blog\/latin-america-crypto-adoption-2025\/\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\">over half of all exchange transactions<\/a>driven by triple-digit inflation and currency controls that make dollar access a bureaucratic obstacle course. Brazil registered <a href=\"https:\/\/www.chainalysis.com\/blog\/latin-america-crypto-adoption-2025\/\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\">$318.8 billion in crypto inflows<\/a> through mid-2025, with over 90% flowing through stablecoins. Sub-Saharan Africa <a href=\"https:\/\/www.chainalysis.com\/blog\/subsaharan-africa-crypto-adoption-2025\/\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\">grew 52% year-over-year<\/a>receiving over $205 billion in on-chain value. The founders building infrastructure for that demand remain concentrated in cities where the problem has never existed.<\/p>\n<h2 class=\"sc-b2a202e4-2 bmropA gg-dark:text-white scene:font-itc-avant-garde-gothic-pro scene:font-light\" style=\"margin-top:2em;text-align:left;padding-bottom:16px;margin-bottom:16px;border-bottom:1px solid #dfe2e4\" color=\"#333\">In emerging markets, stablecoins are the product<\/h2>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The Western crypto narrative frames stablecoins as infrastructure for more sophisticated use cases, programmable settlement rails, DeFi yield, enterprise treasury management. In those markets, stablecoins improve systems that already function. In Lagos, Buenos Aires, and Istanbul, the starting point is different. For millions of people, stablecoins are the first reliable way to hold dollar value outside banks that fail, currencies that collapse, or intermediaries that can cut access overnight.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">B2B stablecoin payments across Latin America grew from under $100 million per month in early 2023 to over $6 billion per month by mid-2025, a 60x increase in 30 months driven by cross-border commerce rather than retail speculation. Consumer stablecoin products carry compounding overhead: compliance costs that scale with user count, fragile local banking relationships, and unit economics that rarely survive small retail transfers. Yellow Card, operating across 34 countries, exited its consumer business entirely to focus on B2B. Bitso built its durable position in the Mexico-U.S. corridor through business payment flows, not retail wallets. In each case, the advantage was proximity: founders who understood their corridors from the inside.<\/p>\n<h2 class=\"sc-b2a202e4-2 bmropA gg-dark:text-white scene:font-itc-avant-garde-gothic-pro scene:font-light\" style=\"margin-top:2em;text-align:left;padding-bottom:16px;margin-bottom:16px;border-bottom:1px solid #dfe2e4\" color=\"#333\">Why venture capital keeps missing stablecoin emerging markets<\/h2>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">In 2024, 30 VC firms captured 75% of all capital raised by U.S. funds. Those funds have the stablecoin macro thesis right. They have the geography wrong.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">A Sand Hill Road fund&#8217;s pattern recognition about San Francisco founders provides almost no signal about which Lagos or Buenos Aires or Manila founder can execute. The counterargument is that emerging market fintech lacks viable exits. The data disagrees. OPay is seeking a <a href=\"https:\/\/www.pymnts.com\/news\/ipo\/2026\/softbank-backed-opay-eyes-4-billion-valuation-in-us-ipo\/\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\">$4 billion valuation<\/a> ahead of a potential IPO built on African payments infrastructure, and <a href=\"https:\/\/fortune.com\/crypto\/2025\/10\/22\/modern-treasury-beam-stablecoin-startup-acquisition-40-million-all-stock\/\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\">Modern Treasury acquired Beam<\/a>a stablecoin cross-border liquidity startup, for $40 million. The exit market is forming around the same corridors Western funds have been slow to back.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Regulatory gravity compounds the concentration. The <a href=\"https:\/\/decrypt.co\/330836\/trump-signs-genius-act-into-law-ushering-crypto-integration-us-economy\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\">GENIUS Act<\/a> and <a href=\"https:\/\/decrypt.co\/resources\/what-is-mica-what-the-eu-crypto-governing-framework-means-for-you\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\">MiCA<\/a> are meaningful, and institutional capital follows clarity wherever it arrives. What that framing misses is that U.S. regulatory clarity is about making stablecoins safe for compliance departments. The volume in Nigeria and Argentina requires no additional regulatory clarity, outgrows the U.S. market on nearly every metric, and is served by companies funded by regional networks that Western funds have no relationship with.<\/p>\n<h2 class=\"sc-b2a202e4-2 bmropA gg-dark:text-white scene:font-itc-avant-garde-gothic-pro scene:font-light\" style=\"margin-top:2em;text-align:left;padding-bottom:16px;margin-bottom:16px;border-bottom:1px solid #dfe2e4\" color=\"#333\">The stablecoin corridors that will produce the next generation of winners<\/h2>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The Philippines received <a href=\"https:\/\/www.bworldonline.com\/top-stories\/2026\/02\/16\/730762\/ofw-remittances-soar-to-all-time-high-35-63-billion-in-2025\/\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\">$39.6 billion in personal remittances in 2025<\/a>with transfer costs averaging 5 to 7% against a stablecoin transfer cost measured in fractions of a percent. Nigeria&#8217;s 2025 Investment and Securities Act brought virtual assets under formal oversight, with licensing regimes across South Africa, Botswana, Mauritius, and Namibia, and regulatory sandboxes now live across East and West Africa.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">These corridors will produce the stablecoin companies of the next decade the same way Brazil produced Nubank: by building for a customer the incumbent system ignored, with local knowledge outside entrants spent years failing to replicate. El Dorado, a Latin American stablecoin super-app, crossed 600,000 users and 3 million transactions in 2025, reaching $2.7 million ARR through 12x annual growth, and became Venezuela&#8217;s most downloaded crypto app. Multicoin Capital and Coinbase Ventures backed it after the market had already validated the model. Volume first, local validation second, global capital third, that sequencing will repeat across every major emerging market corridor over the next five years.<\/p>\n<h2 class=\"sc-b2a202e4-2 bmropA gg-dark:text-white scene:font-itc-avant-garde-gothic-pro scene:font-light\" style=\"margin-top:2em;text-align:left;padding-bottom:16px;margin-bottom:16px;border-bottom:1px solid #dfe2e4\" color=\"#333\">The stablecoin investment thesis most funds are missing<\/h2>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The stablecoin market has already split in two. One side builds enterprise infrastructure for regulated Western institutions: treasury orchestration, compliance tooling, settlement rails. The other builds dollar access for billions of people inside unstable monetary systems, where stablecoins are not a crypto product but a financial lifeline. One side controls most of the venture capital. The other already has most of the demand.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The on\/off-ramp layer, where 57% of companies are locally founded in emerging markets, along with regional remittance networks and local-currency issuers across MENA, Latin America, and Southeast Asia, remains underfunded relative to the demand beneath it. Companies like Kulipa, building stablecoin payment infrastructure for African markets, and Mural Pay, focused on cross-border B2B payments across Latin America, represent the category that appears small by Western VC standards until the corridor they serve becomes impossible to ignore.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The next generation of stablecoin companies will come from founders in Lagos, S\u00e3o Paulo, and Manila. The funds building those relationships today will generate the best returns in stablecoins over the next decade. Those that wait until the companies appear in Crunchbase will pay the same premium investors have paid in every emerging market cycle before this one.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The map is already drawn while the volume is already there. The only thing missing is where venture capital is looking.<\/p>\n<div>\n<p class=\"font-bold uppercase text-sm text-body gg-dark:text-neutral-100\">Disclosure<\/p>\n<p class=\"content font-akzidenz-grotesk font-bold uppercase opacity-60 text-sm\">The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.<\/p>\n<\/div>\n<div class=\"my-4 border-b border-decryptGridline\">\n<div class=\"text-start p-8 md:py-12 md:px-12 max-w-prose relative\"><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-(6px) md:border-l-(6px) md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute top-4 left-4 md:top-6 md:left-6\"\/><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-(6px) md:border-l-(6px) md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute rotate-180 bottom-4 right-4 md:bottom-6 md:right-6\"\/><\/p>\n<h3 class=\"font-akzidenz-grotesk font-bold text-xl md:text-3xl md:text-center gg-dark:text-white\">Daily Debrief<!-- --> Newsletter<\/h3>\n<p>Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>\ud83d\udca1 <strong>Pro Tip:<\/strong> Bookmark our site for daily insights, market predictions, and expert trading strategies.<\/p>\n<p>\ud83d\udd17 <strong>Explore More:<\/strong> Check our sections for in-depth guides, exchange reviews, and blockchain technology deep-dives.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\ud83d\udcf0 Exclusive Crypto News &#038; Analysis: Stay ahead with the latest developments in the cryptocurrency and blockchain space. \ud83d\udcc8 Market Update: Real-time price movements, technical analysis, and trading signals. 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. &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-1917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/1917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1917"}],"version-history":[{"count":0,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/1917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/media\/1918"}],"wp:attachment":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}