A new report from the Blockchain Gaming Alliance (BGA) reveals a key transformation in the $350 billion global video game market. The stablecoins in the gaming industry are emerging as the fundamental financial infrastructure. They are surpassing the volatile speculative tokens of play-to-earn (P2E) models.
The report argues that fiat-pegged digital assets, like USDT or USDC, offer crucial economic stability. This predictability allows developers to better manage their internal economies. It facilitates creator payouts, asset pricing, and player retention. The report describes stablecoins as the “monetary operating system” for the sector’s next growth cycle.
The BGA’s findings strongly contrast the stability of stablecoins with the failures of P2E. Games like Axie Infinity saw their economies collapse when their native tokens drastically lost value. This volatility undermined user trust and engagement. Conversely, the BGA cites successful examples like Roblox and Fortnite. These use closed-loop currencies with fixed values.
In Roblox, the top 10 creators earn an average of $38 million annually. This is possible thanks to fixed exchange rates that insulate them from market shocks. Stablecoins aim to replicate this reliability. They combine the trust of fiat-backed systems with the transparency and programmability of the blockchain. “Stablecoins are transforming fragmented, speculative game economies into scalable, player-first systems,” stated Amber Cortez, head of business development at Sequence, in the report.
Are we facing the end of P2E speculation?
This shift toward stability solves a critical problem that hindered mass Web3 adoption. Predictability is essential for building sustainable long-term business models. Stablecoins enable faster payouts. They also facilitate the seamless exchange of assets between different platforms. They are turning virtual currencies into real-world financial rails.
The adoption of stablecoins represents a maturation of the market. The sector is moving away from pure speculation. It now focuses on player-first systems and economic sustainability. Early examples of this trend are already emerging. The Sui network, for example, announced the launch of “Game Dollar,” a programmable stablecoin dedicated exclusively to gaming. This trend suggests stability will be the foundation for the next generation of metaverse experiences.
