Stablecoin Transactions Reach Record High of $33 Trillion in 2025, Led by USDC

Global stablecoin transactions reached a new all-time high in 2025, totaling $33 trillion, representing 72% year-on-year growth, according to data from Artemis Analytics. The main highlight was USDC, the stablecoin issued by Circle, which accounted for $18.3 trillion in transaction volume, surpassing USDT from Tether, which recorded $13.3 trillion over the same period.

This growth was driven by a more favorable regulatory environment in the United States, particularly following the approval of the Genius Act, which established clear legal standards for stablecoins. This regulatory clarity accelerated institutional adoption, with major corporations and financial institutions exploring dollar-backed digital currency solutions.

While USDT remains the largest stablecoin by market capitalization, the data indicate that USDC dominates transaction flows, especially on decentralized finance (DeFi) platforms, due to its deep liquidity and higher level of regulatory trust. USDT, by contrast, is more commonly used as a store of value and for everyday payments.

The expansion also reflects a global trend toward the use of digital dollars, particularly in countries affected by inflation and economic instability. According to projections from Bloomberg Intelligence, stablecoin payment volumes could exceed $56 trillion by 2030, reinforcing the strategic role of these technologies in the future of international trade and financial settlement.