BGA Report Explores How Stablecoins Like USDC May Stabilize Blockchain Gaming

• Stablecoins like USDT and USDC eliminate volatility in in-game economies, fostering user retention and creator incentives.

• They serve as financial infrastructure for payments, pricing, and player engagement in blockchain gaming.

• According to the Blockchain Gaming Alliance report, investments in blockchain gaming reached $129 million in Q3 2025, signaling revival.

Discover how stablecoins are revolutionizing gaming economies with stability and programmability. Explore the BGA report insights for developers and players in 2025. Read now for key trends.

What are stablecoins in gaming?

Stablecoins in gaming refer to fiat-pegged cryptocurrencies like USDT and USDC that integrate blockchain technology into video game ecosystems to create stable in-game currencies. These assets offer predictability by maintaining a consistent value tied to traditional fiat, allowing developers to handle payments to creators, set item prices, and facilitate seamless player transactions without the risks of market fluctuations. This approach is transforming the $350 billion global gaming industry by providing a reliable monetary foundation for blockchain-based games.

How do stablecoins differ from play-to-earn tokens?

Stablecoins prioritize economic stability over speculation, unlike play-to-earn (P2E) tokens that often lead to volatile user experiences. The Blockchain Gaming Alliance (BGA) report highlights that games like Axie Infinity suffered user declines after token crashes, underscoring how volatility erodes engagement. In contrast, stablecoins enable fixed exchange rates, similar to successful closed-loop systems in non-blockchain games. For instance, top Roblox creators earn an average of $38 million annually, protected from market shocks through stable values. This reliability, combined with blockchain’s transparency and programmability, positions stablecoins as a scalable alternative. “Stablecoins are transforming fragmented, speculative game economies into scalable, player-first systems,” noted Amber Cortez, head of business development at Sequence, in the BGA report. Early adopters, such as the Sui network’s Game Dollar launched in May, demonstrate programmable stablecoins tailored for gaming, ensuring faster payouts and cross-platform interoperability.

A new BGA report revealed that, unlike volatile play-to-earn tokens, stablecoins offer predictability, giving game studios a steadier path to long-term growth.

Stablecoins are taking on a new role in the $350-billion global gaming market, according to a new report published by the Blockchain Gaming Alliance (BGA). 

The BGA report argued that fiat-pegged digital assets, once viewed as only payment tools or decentralized finance (DeFi) liquidity, are now becoming the unseen financial infrastructure that powers how developers pay creators, price items and retain players. 

The report said that stablecoins like USDt (USDT) or USDC (USDC) offer economic stability that speculative tokens lack. By eliminating volatility from in-game economies, they enable predictability, faster payouts and seamless asset exchange across platforms.

Because of this, developers increasingly see stablecoins as the “monetary operating system” for gaming’s next growth cycle, the report said.

Source: Blockchain Gaming Alliance

Gamers choose stability over speculation

Citing games like Roblox and Fortnite as case studies, the BGA said closed-loop currencies have proven how stable values enable users to keep spending and creators building. 

According to the BGA, the top 10 Roblox creators earn an average of $38 million annually. The BGA said this income is made possible by fixed exchange rates that insulate them from market shocks. 

BGA said this same predictability can be found in stablecoins, which merge the reliability of fiat-backed systems with the transparency and programmability offered by blockchain technology. 

“Stablecoins are transforming fragmented, speculative game economies into scalable, player-first systems,” Sequence head of business development Amber Cortez said in the report.

BGA report compares stablecoins to other in-game currencies. Source: BGA

The BGA report framed the shift into stablecoins as a response to the failings of play-to-earn (P2E) models powered by speculative tokens.

The BGA said games like Axie Infinity saw their user numbers collapse after their token values crashed. The report said this exposed how financial volatility undermines user engagement. 

“The success of gaming’s biggest economies rests on stable value,” the report said. “Stablecoins bring that principle into the open metaverse—turning virtual currencies into real-world financial rails.”

Early examples of gaming-focused stablecoins have already started to emerge. In May, blockchain network Sui announced that it would release Game Dollar, a programmable stablecoin dedicated to gaming. 

Blockchain gaming venture capital flow sees revival in Q3

In Q3 2025, the blockchain gaming industry saw its strongest investment quarter this year, recording $129 million in venture capital flow.

This brought the total for the year to almost $300 million, according to data platform DappRadar. 

However, even though the sector is seeing a glimpse of hope, the numbers are significantly lower compared to last year. In 2024, DappRadar recorded over $1.8 billion in funding flowing into the blockchain gaming space. 

Frequently Asked Questions

What role do stablecoins play in blockchain gaming economies?

Stablecoins act as a stable medium of exchange in blockchain gaming, pegged to fiat currencies to avoid volatility. They facilitate secure payments to creators, consistent item pricing, and player retention by providing predictable value. The BGA report emphasizes their role in building sustainable in-game economies that support long-term industry growth.

Why are stablecoins preferred over speculative tokens in gaming?

Stablecoins offer reliability and transparency, making them ideal for gaming where financial shocks can deter players. Unlike speculative tokens that crashed in projects like Axie Infinity, stablecoins maintain value, enabling seamless cross-platform transactions and faster rewards. This stability, as per the BGA analysis, fosters a player-centric environment that encourages ongoing engagement.

Key Takeaways

• Stability drives growth: Stablecoins eliminate volatility, providing a solid foundation for in-game economies and creator earnings, as seen in Roblox’s $38 million average for top creators.
• Investment revival: Q3 2025 saw $129 million in VC for blockchain gaming, totaling nearly $300 million yearly, per DappRadar data, indicating renewed confidence.
• Future infrastructure: Developers should integrate stablecoins like USDC to build scalable, predictable systems that enhance player retention and cross-platform interoperability.

Conclusion

The integration of stablecoins in gaming marks a pivotal shift toward sustainable blockchain economies, as outlined in the Blockchain Gaming Alliance report. By addressing the pitfalls of volatile play-to-earn models and leveraging fiat-backed stability, these assets empower developers and players alike in the expansive $350 billion market. As investments rebound with $129 million in Q3 2025 funding from sources like DappRadar, the industry is poised for innovative growth—game studios are encouraged to explore stablecoin implementations for resilient, player-focused experiences moving forward.