Signal Stablecoin infrastructure M&A rose roughly fourfold year over year in 2025

Summary

Deals to buy stablecoin technology companies jumped in 2025, rising about fourfold from the previous year. CB Insights counts 31 stablecoin tech acquisitions in 2025, including pending ones, compared with eight in 2024 and only a handful in the years before. The buyers are mainly crypto and fintech startups acquiring infrastructure to add stablecoin capabilities. CB Insights reads the surge as consolidation that follows a rise in interest in the sector. Many of the targets provide payment rails that can be plugged into corporate treasury and cash management systems. The wave indicates that building blocks for stablecoin use are being absorbed into larger platforms.