We’re thrilled to share something truly special: Stablecoins: The Practitioner's Guide – a comprehensive deep dive into the $250 billion stablecoin ecosystem that's reshaping global finance.

This isn't another surface-level crypto think piece. We've assembled an absolutely incredible roster of practitioners who've built, scaled, and shaped the stablecoin landscape from the ground up.

Why This Report Matters Now

Over the past 12 months, three events have signaled a new chapter for stablecoins:

• Tether generated over $13 billion in profit with fewer than 200 employees.
• Stripe acquired Bridge, a stablecoin payments company, for $1.1 billion.
• The U.S. political and regulatory landscape has shifted toward active engagement and clarity.

These moves indicate that stablecoins are no longer speculative crypto assets. They are the foundation for programmable money and global value transfer.

But the complexity of the ecosystem has grown with its importance. Practitioners face a flood of conflicting advice, shifting standards, and evolving use cases. Our guide cuts through the noise.

The All-Star Lineup

We secured a bunch of industry legends to deliver insights:

Phil Potter, Co-Founder of Tether, shares the untold origin story of USDT – how a Wall Street pragmatist created the world's most profitable business with under 200 employees.

Rune Christensen, Founder of Sky (formerly MakerDAO), opens up about building the first decentralized stablecoin and the ideological journey from Bitcoin maximalist to DeFi pioneer.

Zach Abrams from Bridge (the company Stripe just acquired for $1.1 billion) reveals how stablecoin infrastructure is becoming the backbone of global payments.

We also secured insights from Robert Mitchnick at BlackRock, Flavia Naves from the Wyoming Stable Token Commission, Chris Brummer from BluPrynt, Ben Milne from Brale, Luca Prosperi from M0, and Hasu from Flashbots.

Not to mention Kevin Miao from Steakhouse Financial who held the pen, with Will Beeson from Rebank / Multiliquid and I providing support along the way.

What's Inside

This guide cuts through the noise with real practitioner insights on:

• The untold founding stories of USDT and DAI
• How to navigate the shifting regulatory landscape (including the new GENIUS Act)
• The infrastructure war happening behind the scenes
• Why Stripe bet a billion dollars on stablecoin infrastructure
• What's next as we approach a quarter-trillion in circulation

Built by Practitioners, For Practitioners

Working together and representing Steakhouse Financial, Rebank, the Tokenized Asset Coalition, and Multiliquid, we've created something that goes beyond the typical VC platitudes. This is granular, actionable intelligence from people who've actually shipped products and moved billions of dollars.

Whether you're issuing stablecoins, building infrastructure, or trying to understand why every major fintech is suddenly obsessed with tokenized dollars, this guide provides the clarity you need.

Download the Report

Stablecoins: The Practitioner’s Guide is available as a free download.

👉 Access the full report here

Help us raise the quality of the industry discussion, and join the practitioners building what comes next.