Crypto
Stablecoin revenue model battle draws focus as adoption spreads
As stablecoins become less a “promising technology” and more an unseen layer of financial infrastructure, market attention is shifting from adoption to how revenue is distributed. OpenTrade co-founder Jeff Handler says the key question for 2026 is who collects fees and captures value. He argues velocity matters more than market capitalisation, citing data showing 2025 stablecoin transaction volume exceeded $33 trillion, up 72% from a year earlier.
