BVNK CEO Jesse Hemson Struthers has outlined a three-phase evolution of stablecoin development, highlighting the growing role of stablecoins in global finance. The first phase, from 2022 to 2024, saw brokerage platforms using stablecoins for account funding, enabling 24/7 cross-border settlements. This phase accounted for about 50% of BVNK's trading volume. The second phase, from 2024 to 2025, marked the expansion into institutional use, with major payment providers integrating stablecoin channels for B2B payments, which became the largest category at 44% of BVNK's transaction volume. The third phase, beginning in 2026, involves enterprise adoption, with a significant demand for embedded digital dollar wallets and new use cases like B2C stablecoin checkouts emerging. Stablecoins are increasingly seen as foundational to future financial infrastructure, offering speed, global accessibility, and 24/7 availability, which are driving their adoption across various sectors.