Massive Growth in Stablecoin Market Cap & Transactions
According to Bitwise:
🔹 Market Capitalization:
Stablecoin market cap has surged to nearly $225 billion as of Q2 2025 — led by Tether (USDT), followed by Circle ($USDC ) and a growing share of other stablecoins like BUSD, crvUSD, GHO, and more.
The chart shows a sharp, steady climb, especially after Q4 2023, signaling rising demand for crypto’s most used dollar-pegged assets.
🔹 Transaction Volume:
Stablecoin transaction volume hit an all-time high of over $7 trillion in Q2 2025.
USDT remains dominant, but the share of alternative stablecoins has also expanded significantly — a sign of increasing diversification in the space.
💡 Key Takeaway:
Stablecoins aren’t just growing — they’re accelerating. Whether for DeFi, remittances, trading, or payments, they’re becoming the backbone of digital finance.
