The year 2024 was full of significant developments for the stablecoin market. Major issuers like Tether and Circle have experimented with stablecoins pegged to currencies other than the US dollar, but the pace of adoption has been slow. While USDT and USDC stand out as the stablecoins of choice in the market, trust in algorithmic and decentralized stablecoins remains low. Looking ahead to 2025, regulated stablecoins are expected to rise. MiCA regulations will open the door for banks to offer crypto custody services. In Europe, USDT’s licensing issues could open up opportunities for alternatives like USDC. The expansion of stablecoins pegged to local currencies could change market dynamics. Share your views in the comments.