A complete overview of the stablecoin market in the third quarter of 2025, a pivotal period marked by the institutionalisation of the sector, the rise of blockchains dedicated to payments, and the consolidation of a new digital monetary order dominated by the dollar and the Tether-Circle duopoly.

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Beatriz Ferreira

Beatriz Ferreira, based in Lisbon, specializes in the tokenization of real assets and works at Repsol. A graduate of ISEG, she has received several academic awards.

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Grégory Raymond

Gregory Raymond is a French journalist specializing in economics and cryptocurrencies, currently head of research at The Big Whale.

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