The recent comprehensive report 'The Status of Stablecoins in 2025' sparked discussions across various sectors. Let's take a look at the key points.
Fundamental Drivers of the Stablecoin Market
The fundamentals of stablecoins show impressive growth. By March 2025, the total circulation exceeded $230 billion, and on-chain transactions reached $5.6 trillion. The market cap has grown by 56% compared to the previous year.
USDC and USDT: Leaders Among Stablecoins
In 2024, USDC expanded rapidly, reaching a market cap of $59 billion, marking a growth of over 100%. This growth is attributed to the global crypto market expansion and an improved regulatory environment. USDT maintained its position as the largest stablecoin with a 62.6% market share, though institutional adoption decreased.
USDe: New Leader in the Stablecoin Market
USDe emerged in 2024, with its market cap soaring from $146 million to $62 billion, surpassing DAI. Growth factors include high yields and record-breaking TVL growth.
By 2030, stablecoins are expected to occupy a core position in the global financial system, particularly in cross-border payments and settlements.
