Stablecoins Finally Getting Utility, Infrastructure Lagging

Stablecoins, i.e., stable cryptocurrencies pegged to this or that fiat currencies are finally becoming mainstream in terms of global regulation, usage in financial markets, trading and yield generation. At the same time, only a few self-custody wallet services provide relevant infrastructure for this segment.

Stablecoins in 2025: With better regulation, utility coming

The recent passage of the GENIUS Act in the U.S. marks a turning point for fiat-backed stablecoins. With clear guidelines around reserve backing, licensing and disclosures, stablecoins are moving out of the regulatory gray zone and into the framework of mainstream financial infrastructure. 

This unlocks new use cases — from yield-bearing accounts to point-of-sale transactions — and sets the foundation for institutional confidence.

Tokenized dollar assets offering 4-6% APY are gaining momentum among users seeking returns in a high-rate, low-trust environment. Products like USDM and USDY promise yield backed by short-term treasuries, but access often remains gated behind complex DeFi interfaces. At the same time, these yield rates are much more impressive compared to traditional bank deposits in EU countries or U.S. T-bills.

Some wallets are working to simplify this by integrating yield vaults directly into the user experience, signaling a broader shift toward passive income functionality in crypto-native tools.

New-gen crypto wallets offer fresh infrastructure solutions 

While stablecoins are often discussed in macroeconomic terms, their adoption at the retail level is becoming increasingly visible where they are being used not just for transfers but for everyday spending. 

From QR code payments to online merchant checkout and even crypto-linked debit cards, stablecoins are evolving into a functional medium of exchange. As infrastructure matures and consumer-facing wallets improve UX, stablecoins are beginning to resemble cash in both form and flexibility.

Platforms like Bitget Wallet, which support local QR standards such as VietQR and QRPH, are beginning to bridge stablecoins with real-world point-of-sale experiences. This is particularly important for introducing stablecoins to new groups of users with zero previous experience in cryptocurrency or digital payments as such.

Despite advances in yield and payment rails, many crypto wallets still treat stablecoins primarily as static assets. A meaningful gap still persists between what stablecoins can do technically, and what most users experience functionally. 

The next wave of adoption depends on platforms that unify yield, payments and self-custody without requiring users to navigate fragmented decentralized applications or multiple interfaces. A handful of wallets are beginning to offer this convergence, integrating QR payments and earning tools into one streamlined interface. Bitget Wallet is among the few wallets currently offering both full crypto payments capabilities and integrated yield tools within a mobile-first, self-custodial design. It merges the benefits of a tier-1 centralized exchange ecosystem with full self-custody.

The traditional separation between checking and savings accounts does not cleanly map onto on-chain finance. Stablecoins now enable a model where assets can generate yield until the moment they are spent. That requires not just token innovation but wallet design that adapts to user behavior. Also, diverse earning and yield generation opportunities, associated with stablecoins, require additional security measures and clear UX/UI solutions. 

As stablecoins mature from speculative hedges into financial primitives, the infrastructure around them will need to evolve accordingly — prioritizing usability, composability and control. Bitget Wallet’s approach — combining passive earning with real-time payments — offers one example of how this new paradigm may be implemented.