Crypto infrastructure company BitGo has been named the issuer for FYUSD, a new stablecoin. This move comes on the heels of a significant year for cryptocurrency adoption, with 2025 seeing a notable increase in regulatory frameworks and mainstream acceptance.
Bybit's CEO Ben Zhou highlighted the expansion of crypto utility beyond speculation, stating that the industry landscape has shifted from simple speculation to a more practical use case. According to Bybit, the number of crypto owners grew by 16% throughout the year, bringing the global crypto ownership rate to 8.7%. Additionally, the number of TradFi firms onboarding crypto doubled in 2025.
The use of stablecoins has also seen a significant increase, with volumes settling double that of major traditional payment networks over 12 months. Bybit's own expansion into mainstream finance was highlighted by the launch of its crypto debit card in the European Economic Area, which recorded over $1 billion in volume and settled around 32 million transactions.