<div id="readability-page-1"><p>Investing.com - These crypto firms are emerging as the clearest proxies for rising stablecoin adoption, as investors look beyond volatile token prices and toward payment and financial infrastructure.Bernstein sees Coinbase (COIN) and Circle Internet Group (CRCL) as the most direct ways to gain exposure, tied to their role in issuing and distributing USD Coin (USDC).Coinbase, which shares economics from USDC reserves and usage, “remains the best proxy for stablecoin upside.”  Stablecoins are showing strong underlying growth even as broader crypto markets remain weak. Supply and transaction volumes are at record levels, with payment use cases expanding across cross-border transfers, remittances and card-linked products.Analysts argue that the investment case for stablecoins is increasingly independent of crypto trading cycles, describing the segment as a “hyper-growth financial services category” rather than a subset of digital assets.New use cases, such as machine-to-machine payments, could add optional upside. Companies including Stripe and Coinbase are building protocols that allow software agents to transact autonomously using stablecoins. However, adoption remains early, with limited transaction volumes so far.The brokerage cautions that machine payments are not yet a core driver of demand and should be seen as a long-term option rather than a near-term catalyst.Instead, the near-term thesis rests on expanding real-world payments. Stablecoins enable low-cost, near-instant settlement and support micro-transactions that are difficult to process through traditional rails, potentially opening new business models.Within this framework, USDC is positioned to gain share due to its liquidity and regulatory standing, which analysts view as key advantages as the market scales.The firm’s conclusion is that investors seeking exposure to the theme should focus on companies embedded in stablecoin infrastructure rather than broader crypto proxies, with Coinbase and Circle at the center of that trade.</p></div>

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<p>Investors are increasingly looking at Coinbase (COIN) and Circle Internet Group (CRCL) as the best proxies for stablecoin adoption, particularly USD Coin (USDC). Despite a weak crypto market, stablecoins are experiencing strong growth in supply and transaction volumes. Analysts suggest that the investment case for stablecoins is becoming independent of crypto trading cycles, viewing it as a rapidly growing financial services category. While new use cases like machine-to-machine payments are emerging, the focus remains on expanding real-world payments, with USDC positioned favorably due to its liquidity and regulatory advantages.</p>

- Analysts highlight that firms like Coinbase and Circle are key players in the growing adoption of stablecoins as a payment infrastructure.  
- Despite a weak crypto market, stablecoin supply and transaction volumes are reaching record levels, with significant potential for new use cases like machine-to-machine payments.  
- The recommendation is for investors to target companies within stablecoin infrastructure, particularly focusing on Coinbase and Circle for exposure to this emerging financial services category.

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This crypto stocks is the best proxy for stablecoin upside