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Stablecoin Market Value Hits Record $228 Billion, Up 17% in 2025

13 posts • OpenAI (o3)

Updated Jun 16, 2025, 04:42 PM

The combined market value of dollar-pegged stablecoins climbed to an all-time high of about $228 billion on 12 June, data from CryptoQuant and other analytics firms show. The increase represents a gain of $33 billion since the start of 2025 and roughly 54-55% over the past 12 months, extending the token class’s rapid rebound from the 2023 downturn.

Liquidity is broad-based. Stablecoin balances on centralised exchanges are at record levels, while the supply on Ethereum has risen to about $142 billion, close to its own peak. Layer-2 network Arbitrum is also registering steep inflows, and on-chain trackers show a weekly $1.38 billion increase in USDT and USDC on Tron versus a $768.6 million decline on Avalanche.

Usage is expanding alongside issuance. Aggregate stablecoin transfer volumes reached $719 billion in December 2024 and $717 billion in April 2025, and total on-chain transactional value is now estimated at nearly 19.4 times the amount processed by PayPal. Industry participants say the tokens are increasingly employed for remittances, payroll and other real-world payments in addition to trading.

Public-market appetite for the sector is growing as well. Circle, the company behind USD Coin, commands a valuation exceeding $34 billion, or more than half of the $61.5 billion outstanding USDC supply. The firm generated roughly $200 million in profit after incentives last year, implying a multiple of about 162 times trailing earnings.

Analysts argue that the surge in both supply and utility underscores the pivotal role stablecoins now play in digital-asset markets, providing dollar-denominated liquidity that can move across blockchains at near-instant speed while offering issuers an increasingly attractive business model.

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Coin Bureau

@coinbureau

🔥2025: The Year of Stablecoins According to The Block Pro Research for Coinbase, stablecoin transfer volumes hit historic highs — $719B in Dec 2024 and $717B in April 2025. From remittances to payroll, stablecoins are powering real-world finance. The onchain future is now!⚡️

Crypto Town Hall

@Crypto_TownHall

STABLECOIN TRANSACTION VOLUME HITS 19.4× PAYPAL’S PROCESSING VOLUME Stablecoins are outpacing traditional fintech giants current data shows stablecoin transaction volume is nearly 19.4 times that of PayPal’s processing volume. The surge highlights the growing role of digital

Mario Nawfal’s Roundtable

@RoundtableSpace

STABLECOIN TRANSACTION VOLUME NOW NEARLY 19.4× THAT OF PAYPAL’S PROCESSING VOLUME. Source: @tall_data

Lookonchain

@lookonchain

In the past 7 days, stablecoins(USDT&USDC) on #Tron increased by $1.38B, and stablecoins(USDT&USDC) on #Avalanche decreased by $768.6M.

CertiK Skynet Rating

@CertiKCommunity

First it was ETF inflows. Now it's stablecoins. @cryptoquant_com reports a record-breaking $228B market cap - the highest in history! 📈💥 Momentum is building...👇

#CryptoQuant #Ethereum #Layer #Arbitrum #USD #Tron #Avalanche #PayPal #Circle #USD Coin

Crypto /Crypto Fundraising

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Sources

skynet.certik.com

Securitize

@Securitize

Major growth in on-chain finance →Stablecoin supply up 54% YoY, now at $247B →Tokenized real-world assets grew 245x, reaching $21B →1 in 3 SMBs now use crypto (double last year) →60% of Fortune 500 execs say their companies are building on blockchain Regulatory clarity is

Zaheer

@SplitCapital

Circle made about $200m after paying out incentives in 2024. Trading ~162x those figures now. Market can’t get enough stablecoin exposure.

Satoshi Flipper

@SatoshiFlipper

Market participants pumping Circle today for 23% need some serious education. So retarded. Circle is a stablecoin, which of course is very cool and all but #Ethereum is the INFRASTRUCTURE on which the majority of future stablecoin issuers will build on. Up only 3% today? The