a16z Calls 2025 ‘the Year the World Came On-Chain’ in New Report
a16z’s 2025 report highlights the increasing integration of cryptocurrency into the global financial system, driven by institutional adoption and the rise of stablecoins.Summary
a16z’s “State of Crypto 2025” report declares 2025 as “the year the world came on-chain,” citing a positive feedback loop between prices, innovation, and participation in the crypto space. Bitcoin currently dominates the market, with stablecoins processing transaction volumes rivaling Visa. Major institutions like BlackRock, Fidelity, Morgan Stanley, JPMorgan, Visa, Stripe, and PayPal are increasingly integrating blockchain technology into their services. Stablecoins processed $46 trillion in transactions last year, exceeding PayPal and approaching ACH levels, and their issuers are becoming significant holders of U.S. Treasury securities. The report also notes the growth of decentralized finance (DeFi), tokenized real-world assets, and the convergence of AI and crypto, predicting that policy frameworks, stablecoin adoption, and “AI-crypto” applications will shape the next phase of internet infrastructure.
(Source：BeInCrypto)