#Stablecoins #稳定币


1. Market Size

According to Defillama data, as of June 16, 2025, the total market value of global stablecoins exceeded $251B, an increase of 0.05% compared to seven days ago, with $USDT accounting for over 62%.

Stablecoin Overview


2. Regulation

  • The ruling party of South Korea proposed the (Digital Asset Basic Law), intending to allow South Korean companies with 500 million won to issue stablecoins.

  • The U.S. Senate voted to pass the procedural vote on the GENIUS stablecoin bill.



3. Project Progress

  • Société Générale has launched the USDCV stablecoin on Ethereum and Solana, following the company's launch of the euro-pegged stablecoin EUR CoinVertible (EURCV) in April 2023.

  • PayPal has introduced the stablecoin $pyusd into Stellar for cross-border remittances and payments.

  • The U.S. Securities Depository Trust Company (DTCC) is exploring stablecoins.

  • The stablecoin cross-border payment service provider Conduit announced on Thursday that it has partnered with Brazil's Braza Group to achieve real-time foreign exchange conversion between the Brazilian real and major foreign currencies using stablecoins.

  • Chainlink, JPMorgan's Kinexys, and Ondo Finance have completed a 'first-of-its-kind' cross-chain payment delivery (DvP) settlement test.

  • Walmart and Amazon are exploring the issuance of their own stablecoins.

  • U.S. Treasury Secretary: The stablecoin market is expected to reach $2 trillion, solidifying the dollar's position in the global financial system.

  • JD Group executives: It is recommended to promote the internationalization of the renminbi using offshore renminbi stablecoins.

  • E-commerce platform Shopify announced a partnership with Coinbase and Stripe to support merchants in accepting $USDC stablecoin payments.

  • LianLian Digital is actively exploring applying for stablecoin licenses in Singapore and Hong Kong.

  • Kyrgyzstan will launch a gold-backed stablecoin $USDKG, which is pegged to the U.S. dollar at a 1:1 ratio and backed by physical gold.

4. Financing

Stablecoin startup Noah has completed a $22 million financing round, led by European venture capital firm LocalGlobe.

Summary of progress from last week: Weekly progress of stablecoins (June 9, 2025)