The State of Stablecoins 2025

The capitalization of stables exceeds $230 billion, driven by a growth of 56% in one year, with USDT and USDC accounting for more than 88% of the market. The recovery of the market is due to the increased involvement of financial institutions and the removal of regulatory barriers in the United States and Hong Kong. Donald Trump openly supports stables and pushes clear legislation through the GENIUS Act, which could accelerate their generalizati…

The State of Stablecoins 2025

Artemis and Dune Analytics released a detailed report on the state of the stablecoin market from February 2024 to February 2025. We have summarized the key points from the report and added our own observations.Stablecoins have been a primary use case for crypto and continue gaining popularity, attracting new users both inside and outside the crypto space. As of last month, the total stablecoin supply reached $214 billion, with $35 trillion in tr…