Stablecoin Depegging, Financial Intermediary Balance Sheet Constraints, and Liquidity in the U.S. Traditional Money Market
By end-2025, the global stablecoin market grew from approximately $25 billion in 2020 to over $300 billion.
Company · US · 6 documents
By end-2025, the global stablecoin market grew from approximately $25 billion in 2020 to over $300 billion.
The study evaluates distressed bank acquisition decisions across 55 FDIC-assisted acquisitions conducted between 2008 and 2024 by U.S.-listed acquiring institutions.
Advanced economies recorded lower vulnerability with a Financial Contagion Index (FCI) of 58 and a Risk Transmission Index (RTI) of 55.
Expanding access to Tether's arbitrage mechanism reduced the absolute size of peg deviations by approximately one half.
Total stablecoin market capitalization surpassed $300 billion in 2025.
Aggregate venture debt deal value in 2024 surged past $53 billion despite transaction volume falling below 1,400 completed deals.