Why have stablecoins increased significantly while the market remains stagnant or declines?

1/ Overview of stablecoins

The stablecoin market has experienced significant expansion in 2024,

with total supply increasing by 63%, from 138 billion USD to 225 billion USD during the observation period (February 2024 – February 2025).

Monthly trading volume of stablecoins has more than doubled in 2024, rising from 1.9 trillion USD in February 2024 to 4.1 trillion USD in February 2025, marking a 115% increase compared to the same period last year.

The highest volume recorded was in December 2024, reaching 5.1 trillion USD, followed by a slight decrease in January and February 2025. Throughout the past year, stablecoins have supported a total of over 35 trillion USD in transactions.

=> The market capitalization of stablecoins and the demand for stablecoin transactions continue to rise regardless of market fluctuations.