Trusted digital assets moved to the center of global finance in 2025. → @USDC expanded its market cap and liquidity across dozens of blockchains, powering payments, FX, and capital markets. → EURC became the largest euro-denominated stablecoin under MiCA, enabling compliant digital euro flows across the EU and beyond. → USYC gained traction as institutional grade, tokenized cash equivalent collateral with real-time settlement. These assets now form the monetary layer of an emerging internet financial system.(Circle)