Stablecoins aren’t broken. The rails they run on are.
The biggest risk to stablecoins isn’t regulation. It’s fragmentation.
Stablecoins are quietly becoming the universal money layer for the internet: borderless, instant, and accessible to anyone, anywhere. They’re already on track to power trillions of dollars in global payments.
But the stablecoin landscape is highly fragmented. Users and institutions prefer different stablecoins and chains based on their specific use cases or regions. This fragmentation is a major bottleneck in connecting users, institutions, and geographies.
Take
@Visa, for example. Their stablecoin settlement volumes quadrupled this year to a $1B run rate. Yet Visa supports only a fraction of the stablecoin market, covering
@ethereum,
@solana,
@StellarOrg, and
@avax, and tokens like USDC, USDG, PYUSD, and EURC.
Meanwhile, the majority of on-chain activity is on different rails.
- USDT is 60% of the total stablecoins on-chain, with 69% of that activity on
@trondao.
- Asia and MENA primarily use USDT-Tron, accounting for over 90% of flows.
- Polygon is a fast-growing payment chain for both USDC and USDT in Latin America.
All of these flows are currently incompatible with Visa’s infrastructure.
Moving or swapping stablecoins across chains is possible today, but the interactions are unpredictable. Most protocols push the burden of network costs, slippage, and other blockchain complexities onto developers and users. Teams from fintech, web2, or traditional finance backgrounds face uncertain outcomes, fragmented fees, and complex accounting. Even crypto-native teams find it frustratingly complex and error-prone.
This is why we built the Stablecoin Abstraction Engine at
@BungeeExchange powered by
@SocketProtocol. It connects the fragmented stablecoin landscape by letting developers move or swap stablecoins across 100+ chains with certainty.
The engine abstracts away network tokens, network fees, slippage, and other complexities. Instead, it offers a fixed exchange rate to move or swap stablecoins, which can be paid with any popular stablecoin or native token.
For example, a remittance company can send $1,000 USDC on
@base and receive exactly $999 USDT on Tron. The only cost is the fixed exchange rate. There is no headache of managing gas tokens or unpredictable fees.
At its core, the Stablecoin Abstraction Engine delivers certainty across the board: certainty of cost, certainty of inventory, and certainty of operations.
Built on our experience serving 100+ partners across 25+ chains.
- Bungee has facilitated over $23B in volume
- Including more than $10B in stablecoin swaps and transfers in 2025 alone.
- Exchanges like
@coinbase,
@Gemini,
@krakenfx, and
@okx, as well as wallets including
@MetaMask,
@Rabby_io,
@rainbowdotme,
@zerion, and
@OneKeyHQ, leverage Bungee.
- Deep liquidity comes from over 30 sources, including issuers, market makers, OTC desks, DEX aggregators, and bridges.
Stablecoins are ready for global scale. With Bungee, so are you.
If you’re building in payments, remittances, or card issuance, let’s talk.