CoinVoice has recently learned that Delphi Digital has released the 2026 Annual Outlook Report for the infrastructure sector. The report indicates that stablecoins have become the most important infrastructure focus in the crypto space. This year, the total supply of stablecoins has grown by 33%, exceeding $304 billion; the adjusted monthly transaction volume has now surpassed Visa and PayPal; stablecoin holdings of U.S. Treasury bonds amount to $133 billion, making it the 19th largest holder of U.S. Treasuries. The report points out that, ironically, crypto companies are now competing around traditional payment channels. While stablecoin recharge cards circulating through the Visa network represent an important step, they have not yet created a new paradigm. If solutions for self-management of daily spending and storage cannot be provided, many competitors will ultimately be eliminated. Traditional giants have noticed this trend. Stripe integrated the USD stablecoin USDB after acquiring Bridge; PayPal launched PYUSD; Klarna has also just announced the launch of KlarnaUSD. As fintech companies rush to issue stablecoins, the market competition has already begun. The real winners will be those who can fundamentally innovate the underlying payment infrastructure, rather than merely optimizing the interface on top of it. [Original link]