Stablecoins continue to gain popularity, achieving a record capitalization of $270.3 billion. In this context, U.S. regulation and competition among networks become critical factors.
Historic Peak of Stablecoin Capitalization
In August 2024, a record was set for stablecoin capitalization. By 2025, the total volume reached $270.303 billion, marking an increase of $3.051 billion within a week. This reflects the global adaptation of stablecoins into financial systems.
American Regulation as a Catalyst
Since July 2025, the adoption of the GENIUS Act has initiated the creation of a clear regulatory framework for stablecoins, contributing to their recognition in traditional financial markets. The SEC's acknowledgment of some stablecoins as cash equivalents aids their integration into company financial reporting.
Market Competition: TRON and Ethereum
TRON and Ethereum continue to compete in the marketplace. TRON showcases its efficiency in facilitating fast payments due to low fees and high speed, while Ethereum maintains its dominant position in DeFi. Data indicates that 51% of all USDT are in circulation on TRON, highlighting the growing significance of this network.
Stablecoins exhibit significant growth and are becoming vital tools in contemporary financial systems. Innovations and regulations will continue to shape this market.
