The annual transactional volume of US$1.917583945828 trillion not only surpassed major traditional payment networks but also demonstrates a growing preference for instant settlement and reduced costs.

Tether (USDT) remains the absolute leader, with US$1.9175839458155 billion in circulation, followed by Circle (USDC), which expanded its capitalization to over US$1.917583945860 billion. Together, these two companies control approximately 89% of the segment and hold more than US$1.9175839458204 billion in U.S. Treasury securities - an amount greater than the reserves of countries like Brazil or Norway.

PayPal USD (PYUSD) doubled its size in 2025, reaching US$1.9175839458775 million, signaling the interest of tech giants in this emerging infrastructure.