Stablecoin trading volume reached a record $33 trillion in 2025, marking a 72% year-on-year increase, according to Artemis Analytics data. USDC led the market with $18.3 trillion in transactions, surpassing USDT's $13.3 trillion. The surge is attributed to pro-crypto policies under the Trump administration and the enactment of the 'Genius Act' stablecoin legislation, which accelerated institutional adoption. Major companies like Standard Chartered, Walmart, and Amazon are exploring stablecoin issuance.
Despite USDT maintaining the highest market cap at approximately $187 billion, USDC is more active in DeFi applications due to frequent transactions and capital reuse. Bloomberg projects that stablecoin payment volumes could reach $56 trillion by 2030.
Stablecoin Trading Volume Hits Record $33 Trillion in 2025
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