According to Foresight News , citing Bloomberg, stablecoin trading volume grew by 72% in 2025, reaching a record high of $33 trillion. Among them, USDC issued by Circle topped the list with a trading volume of $18.3 trillion, while USDT issued by Tether had a trading volume of $13.3 trillion.
Data shows that stablecoin trading volume reached $11 trillion in the fourth quarter of 2025. While USDT's current market capitalization (approximately $187 billion) is far higher than USDC's (approximately $75 billion), USDC dominates DeFi platforms and high-frequency trading flows. Analysis indicates that the growth in trading volume is primarily driven by pro-crypto policies in the US and the Genius Act passed in July, attracting institutions such as Standard Chartered, Walmart, and Amazon to explore related businesses. Furthermore, Bloomberg predicts that stablecoin payment flows could reach $56 trillion by 2030.
