The volume of cryptocurrency transactions with stablecoins reached a record $ 33 trillion in 2025

In 2025, the volume of transactions using stablecoins reached $ 33 trillion, which is 72% more than in the previous year, according to Artemis Analytics, cited by Bloomberg.

The leader in terms of transaction volume was Circle’s stablecoin USDC, with $ 18.3 trillion in transactions. For comparison, Tether (USDT), which retains the first place in terms of market capitalization ($ 187 billion), had $ 13.3 trillion in transactions.

The growth of interest in stablecoins occurred against the backdrop of the adoption of the GENIUS (Guiding and Establishing National Innovation for U.S. Stablecoins) law in the United States in July 2025. This law created the country’s first full-fledged regulatory framework for payment stablecoins. One of the creators of Tether, Reeve Collins, said that such laws pave the way for global recognition of stablecoins.

Users of decentralized finance (DeFi) prefer USDC because it is more convenient for quick entry and exit from trading positions, said Anthony Yim, co-founder of Artemis. Also, in times of geopolitical instability, stable coins pegged to the US dollar have become popular among citizens of countries with high inflation.

At the same time, USDT is more often used for daily payments and preserving value in wallets rather than for active trading.

Bloomberg Intelligence analysts predict that by 2030, the volume of transactions with stablecoins could grow to $ 56 trillion. Nevertheless, organizations such as the IMF warn that the massive use of stablecoins could destabilize the traditional financial system.

In the fourth quarter of 2025, the volume of stablecoin transactions amounted to $ 11 trillion, which exceeds $ 8.8 trillion in the previous quarter.

At the same time, Asia is also forming its own digital asset development strategy with clear and pragmatic regulation, which challenges the dominance of the West. Chainalysis representative Chengyi Ong called stablecoins «definitely revolutionary.»

The popularity of stablecoins and the emergence of the GENIUS Act have also encouraged major banks and tech companies, including Standard Chartered and Amazon, to consider launching their own digital currencies.