Why The Future Of Stablecoins Like USDT, USDC Looks Bright: Report

Stablecoins are rapidly evolving beyond their original role as digital cash substitutes, with a new generation of yield-bearing and revenue-sharing models reshaping how these assets are used in financial ecosystems, according to a report.

What Happened: The report, by Foresight Ventures, explores how these innovations may soon position stablecoins as a distinct financial asset class, unlocking new forms of passive income and challenging legacy banking models.

The global payments landscape is being reshaped by the rise of stablecoins, according to a new report titled “The Future of Global Payments” by Foresight Ventures.

Once primarily used to facilitate cryptocurrency trading, stablecoins are now emerging as a core infrastructure for international payments, e-commerce and treasury management.

However, their next transformation could be even more significant—becoming yield-bearing instruments and revenue-sharing assets that rival traditional savings accounts.

Stablecoins like Tether USDT/USD and USDC USDC/USD have long been backed 1:1 by fiat reserves.

But according to the report, a new wave of stablecoins is challenging this static model by introducing native yield-generating mechanisms.

These yield-bearing stablecoins allow holders to earn passive income directly from blockchain-native sources, including U.S. Treasuries, decentralized finance (DeFi) lending, and perpetual futures funding rates.

"Yield-bearing stablecoins, such as USDM from Mountain and USDe from Ethena, provide onchain returns while maintaining price stability," the report notes.

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USDM for example, currently offers an annual yield of 4.7%, accrued automatically for holders without requiring staking or additional actions.

Ethena's USDe generates yield through delta-hedged positions in major cryptocurrencies like ETH/USD, BTC/USD, and SOL/USD.

The report also highlights the rise of revenue-sharing stablecoins like Paxos’ USDG, which distribute portions of stablecoin-related revenue directly to ecosystem participants.

By aligning incentives across users, issuers, and financial institutions, these models seek to accelerate enterprise and retail adoption.

"Revenue-sharing stablecoins are turning payment tokens into monetization engines for financial applications," the authors write. "They could become a key driver in helping stablecoins break into the mainstream economy."

Why It Matters: The trend coincides with broader shifts in the payments sector, where legacy systems such as ACH and SWIFT face growing criticism for inefficiency.

Stablecoins offer real-time settlement, reduced transaction costs, and easier cross-border transfers, particularly in underbanked regions like Latin America and Southeast Asia.

Foresight Ventures also addresses the potential for stablecoins to evolve into a full-fledged alternative to fiat currencies within a “stablecoin-native” economy.

In this scenario, consumers and businesses would rely on stablecoins not only for transactions but also as stores of value, bypassing traditional banks and intermediaries.

“Stablecoins could cannibalize existing payment rails by offering near-zero transaction fees and 24/7 liquidity,” the report explains, citing the competitive threat to credit card networks, remittance providers, and commercial banks.

However, barriers to this vision remain, including regulatory uncertainty, user experience challenges, and corporate compliance concerns.

The report suggests that collaboration between fintech firms, stablecoin issuers and traditional institutions will be critical to bridging the gap between onchain ecosystems and the broader financial system.

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