PayPal USD (PYUSD)

I’m sure many of you missed the report from @VerdaVentures - “The State of Stablecoin Infrastructure.” It’s a real gem for any fintech researcher.

Here are the key takeaways I noted for myself after reading the report:

The market is still in its infancy: in most categories, 60–80% of companies are in the pre-seed stage. But the unevenness is telling.

Agentic Payments - 92% pre-seed; the category was born yesterday, and there is no clear leader.

Compliance/RegTech - the most mature (only 53% pre-seed, 15% later stage): regulatory demand is monetized before the hype.

Exits are concentrated in infrastructure, not consumer: Wallet Infrastructure leads in the number of M&As, Stablecoin Issuance - in high-profile deals (Circle IPO, PYUSD).

Consumer Remittances - zero exits.

Conclusion: capital and strategists are buying “building blocks,” not apps.

The window of opportunity lies in the youngest categories, where consolidation is still ahead.

check full report: https://t.co/LmCSeh1n6U

I’m sure many of you missed the report from @VerdaVentures - “The State of Stablecoin Infrastructure.” It’s a real gem for any fintech researcher.

Here are the key takeaways I noted for myself after reading the report:

The market is still in its infancy: in most categories, 60–80% of companies are in the pre-seed stage. But the unevenness is telling.

Agentic Payments - 92% pre-seed; the category was born yesterday, and there is no clear leader.

Compliance/RegTech - the most mature (only 53% pre-seed, 15% later stage): regulatory demand is monetized before the hype.

Exits are concentrated in infrastructure, not consumer: Wallet Infrastructure leads in the number of M&As, Stablecoin Issuance - in high-profile deals (Circle IPO, PYUSD).

Consumer Remittances - zero exits.

Conclusion: capital and strategists are buying “building blocks,” not apps.

The window of opportunity lies in the youngest categories, where consolidation is still ahead.

check full report: https://t.co/LmCSeh1n6U

I’m sure many of you missed the report from @VerdaVentures - “The State of Stablecoin Infrastructure.” It’s a real gem for any fintech researcher.

Here are the key takeaways I noted for myself after reading the report:

The market is still in its infancy: in most categories, 60–80% of companies are in the pre-seed stage. But the unevenness is telling.

Agentic Payments - 92% pre-seed; the category was born yesterday, and there is no clear leader.

Compliance/RegTech - the most mature (only 53% pre-seed, 15% later stage): regulatory demand is monetized before the hype.

Exits are concentrated in infrastructure, not consumer: Wallet Infrastructure leads in the number of M&As, Stablecoin Issuance - in high-profile deals (Circle IPO, PYUSD).

Consumer Remittances - zero exits.

Conclusion: capital and strategists are buying “building blocks,” not apps.

The window of opportunity lies in the youngest categories, where consolidation is still ahead.

check full report: https://t.co/LmCSeh1n6U