Bluechip Unveils Report on Stablecoin Adoption Hurdles: The Ramping Bottleneck
A new report, funded by a grant from the Ethereum Foundation, concludes that the cost and quality of on- and off-ramps are the primary bottlenecks to broader stablecoin adoption.
December 17, 2025
A new report funded by the Ethereum Foundation identifies on/off-ramps as the biggest obstacle to stablecoin adoption.
The report emphasizes that the cost and quality of these ramps are more significant barriers than the speed and cost of the stablecoins themselves.
The findings are based on contributions from various industry players, indicating a collective focus on solving the on/off-ramp challenge.
Bluechip, an independent stablecoin rating agency, has released a comprehensive report titled "The Ramping Bottleneck: Cost & Quality Constraints in Stablecoin Adoption."
Funded by a grant from the Ethereum Foundation, the report delves into the challenges hindering the widespread use of stablecoins, emphasizing that while these digital assets enable faster and cheaper money movement, the real obstacles lie in the on-ramps and off-ramps connecting fiat currencies to stablecoins.
The report highlights how stablecoins are gaining traction for remittances, business-to-business (B2B) payments, and treasury management due to their stability, low costs, and programmability. However, adoption is bottlenecked by the inefficiencies in ramps—the mechanisms for converting between fiat and stablecoins. According to the analysis, these ramps must become more cost-effective, user-friendly, and reliable to unlock stablecoins' full potential.
The report is structured around an executive summary, contributor acknowledgments, and detailed sections exploring the ramp ecosystem, alternative models, unlocked use cases, comparative advantages over traditional finance, and remaining barriers.
Read The Report:
https://cms.bluechip.org/assets/817ea1df-4129-4dfc-9fd6-ee614e42493e
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