"This year's crypto market driven by institutional adoption and stablecoin expansion"

U.S. venture capital firm Andreessen Horowitz (a16z) analyzed that the 2025 virtual assets (cryptocurrencies) market is being rapidly reshaped around expanded institutional investment and the rapid growth of stablecoins.

According to Cointelegraph on the 23rd (local time), a16z said in the 'State of Crypto' report, "This year the virtual assets market is being reshaped around institutional adoption and the growth of stablecoins, and stablecoins are becoming a new driving force of the global economy."

The report emphasized that major traditional financial institutions such as BlackRock, Visa, Fidelity, and JPMorgan Chase, as well as fintech companies such as Stripe, PayPal, and Robinhood, are actively entering the digital asset sector, highlighting increased institutional participation.

According to the report, over the past 12 months stablecoin trading volume reached $9 trillion, representing an 87% year-on-year increase. Over the same period, the total trading volume of stablecoins was $46 trillion.