Crypto news, Wu reports that a16z crypto has released the latest report indicating that stablecoins are gradually evolving from a trading tool into financial infrastructure. The report shows that after the implementation of the U.S. stablecoin regulatory framework Genius Act, the related adjusted trading volume reached approximately $4.5 trillion in the first quarter of 2026. At the same time, the circulation speed of stablecoins has increased from 2.6 times since early 2024 to about 6 times. The report also points out that stablecoin use cases are shifting from cross-border transfers to local payments and commercial transactions, with about two-thirds of the payment volume currently coming from Asia.