Stablecoins, particularly Circle's USDC and EUROC, are revolutionizing internet-native payments and paving the way for Web3 ecosystems by serving as programmable financial "primitives" that enable the development of new applications and services. These digital currencies bypass traditional financial systems, offering advantages such as speed, scalability, and cost-efficiency by utilizing blockchain technology and smart contracts. Despite the ongoing "crypto winter," the demand for stablecoins like USDC remains robust, with significant transaction volumes and broad usage, including adoption by major financial institutions like Visa and MasterCard. The transition towards blockchain-based payments is driven by the need for stable, efficient, and globally inclusive financial solutions, with Circle's open-source ecosystem fostering innovation among developers. This shift is expected to transform various sectors, including cross-border payments, asset trading, and treasury management, highlighting the potential for stablecoins to enhance global financial systems.