币界网报道：The stablecoin and payments sector has seen a significant resurgence in venture capital activity, with Q3 and Q4 2024 setting record highs of 43 and 42 deals, respectively—surpassing the 2021 peak of 87 deals for the entire year. By Q1 2025, 7.5% of all VC deals went to stablecoin issuers or payment providers, marking the sector as one of the few in crypto to outperform 2021 metrics. The rise of stablecoin-enabled firms has attracted mainstream and institutional interest, fueled by Circle's successful IPO, which validated stablecoin infrastructure as a viable investment. Regulatory progress, including the U.S. GENIUS Act, has further boosted investor confidence by providing clearer frameworks, reducing perceived risks and encouraging more traditional VC funds to enter the space.