2026-01-09 01:23:36

According to the latest data, the global stablecoin trading volume in 2025 has surged by 72% year-on-year, reaching a total of $33 trillion, setting a new record high. Behind this growth is a more friendly cryptocurrency policy environment recently.

Specifically, two major players in the trading market performed remarkably—Circle's USDC led with a trading volume of $18.3 trillion, followed closely by Tether's USDT with a trading volume of $13.3 trillion. These two stablecoins together account for the vast majority of the market share.

Interestingly, the use cases for stablecoins are clearly expanding. Whether for payment settlement, trading hedging, or cross-border fund flows, stablecoins are playing an increasingly important role. Especially with the improvement of the policy environment, institutions and retail investors are more willing to conduct fund operations through stablecoins.

The data reflects that the status of stablecoins as a foundational infrastructure in crypto is rapidly rising. The explosive growth in trading volume not only proves market demand but will also continue to trigger more discussions on regulation and policy directions.

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NonFungibleDegen

· 01-12 00:12

ngl 33 trillion is just... probably nothing right? usdc printing money while usdt sweating... bullish or am i just coping

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ContractHunter

· 01-11 18:56

33 trillion? Oh my God, stablecoins are really taking off --- USDC and USDT hold the majority, other projects really have no chance --- Policy friendliness is so powerful, just imagine what would happen if it were even more open --- Stablecoins are indeed advantageous in cross-border payments, banks should be getting nervous --- 72% growth... this data is a bit outrageous, is it real demand or hype? --- It feels very much like the scene in 2017, everyone is rushing in --- USDT is still the big boss and hard to shake, Circle will have a tough time surpassing it

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PumpDetector

· 01-09 01:53

lol 33 trillion? ngl that whale movement pattern screaming accumulation phase to me... institutional flow got way too obvious this cycle

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down_only_larry

· 01-09 01:51

Is the 72% growth real, or is the data being exaggerated again? With USDC and USDT dominating so heavily, new coins have no chance of survival. Will central banks become anxious once stablecoins become popular? In the end, they will still be regulated. 33 trillion? That number is outrageous, feels like there's water in it. If policies are friendly, is this the way it will stay? If truly liberalized, won't it just explode? Cross-border transfers are indeed convenient, but who will bear the risks? Can this growth continue, or is it just short-term speculation? Will USDT's large volume become the next Lehman moment? Ultimately, stablecoins cannot escape regulation. Can USDC really surpass USDT? Relying solely on growth rate isn't enough.

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ShortingEnthusiast

· 01-09 01:50

3.3 trillion? That number is shocking. USDT and USDC still dominate without change. --- A 72% surge—really policy-friendly or just everyone bottom-fishing and betting? Hard to say. --- Cross-border flows do have potential, but regulation will come knocking sooner or later. --- Institutions and retail investors are rushing in. It feels like this round of stablecoins might become the next target for regulation. --- With a scale of 33 trillion, the risk also seems off the charts. --- Will the day when USDC overtakes USDT come soon? Looking forward to Circle's offensive. --- Policy friendliness is just like that; wait until policies shift and see. --- Stablecoins are hot, and bank-based central bank digital currencies will be sidelined again. --- Trading volume has surged, but the actual application scenarios are still just a few; the data looks good but that's all. --- Will this growth be as illusory as the rebound wave at the beginning of the year?

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