CertiK：2025年上半年Skynet稳定币全景报告（英文版）

Stablecoin adoption grew significantly in the first half of 2025, cementing its role as vital financial infrastructure. This expansion brought increased scrutiny of security, risk, and regulatory compliance. CertiK’s Skynet rating system has developed a comprehensive framework specifically for assessing stablecoin activity from a security and risk standpoint. The first half of 2025 highlighted a central tension in the maturing stablecoin market. While institutional adoption accelerated and on