Stablecoins have processed $46 trillion in transaction volume in 2025, nearly tripling Visa's volume, according to Andreessen Horowitz's State of Crypto 2025 report. The report highlights stablecoins as a fast, low-cost global payment method, with monthly transactions reaching $1.25 trillion in September 2025. Andreessen Horowitz forecasts the stablecoin market could exceed $3 trillion by 2030, with Tether (USDT) and USDC dominating 87% of the market. The report also notes that the Ethereum and Tron blockchains handle 64% of stablecoin transactions. Additionally, stablecoins have become the 17th-largest holder of US Treasuries, underscoring their growing significance in the financial ecosystem.