Weekly stablecoins update (2025.6.29)
1. Market Size
According to defillama data, as of 2025.6.30, the total market value of global stablecoins is $253.64B, an increase of 0.76% compared to 7 days ago. The market share of USDT is 62.5%, a slight increase from last week.
2. Project Progress
South Korean payment service provider Kakao has officially launched the 'Korean Won Stablecoin' business.
The listed company Nano Labs plans to apply for a license for Hong Kong Dollar and offshore Renminbi stablecoin business.
Fiserv will team up with PayPal and Circle to launch the US Dollar stablecoin FIUSD.
Flashnet and Brale plan to collaborate with Magic Eden to launch the US Dollar stablecoin USDB.
Cryptocurrency custodian Taurus has launched the first stablecoin contract with privacy features.
3. Last Week's Progress Review