Stablecoin startups have raised a record $537 million in 2025, marking a significant increase from the $84 million raised in 2024. This growth is largely driven by regulatory advancements, including the signing of the Genius Act by President Donald Trump, which has provided legitimacy to the industry and spurred investment. OSL Group notably secured $300 million in July to support its global expansion efforts. The total stablecoin supply has now reached $290 billion, with projections suggesting it could exceed $1 trillion by 2028. The market is becoming increasingly competitive, with major entities like Stripe and JPMorgan entering the sector. Despite concerns from banking groups about the potential impact on traditional deposits, industry leaders such as Coinbase's Faryar Shirzad have dismissed these worries as unfounded.