In response to recent criticism that DeFi is dying due to a $20 billion drop in total value locked and $1.1 billion lost to hacks, DeFi Technologies president Andrew Forson argues that the stablecoin layer is thriving. He highlights that stablecoins backed by over $150 billion in U.S. Treasuries are experiencing unprecedented institutional adoption, with volumes growing 20-30% month-over-month. Forson dismisses claims of 'superhuman' AI hacking threats, noting that core networks like Bitcoin, Ethereum, and major stablecoins remain untouched. He emphasizes blockchain transparency as a defense mechanism, contrasting it with opaque legacy banking systems. Forson warns that Wall Street must participate now or lose market share, pointing to major institutions already rolling out crypto services.

Key facts

• Stablecoins held over $150 billion in U.S. Treasuries as of December 2025.
• Stablecoin volumes growing 20-30% month-over-month.
• Core networks like Bitcoin and Ethereum remain unhacked.
• Blockchain transparency is a key defense mechanism.
• Major Wall Street firms are already adopting crypto services.

KeyAudit data perspective