In 2025, the trading volume of stablecoins reached a record high, totaling 33 trillion USD for the year, with USDC leading the way

According to a report by Bloomberg citing data from Artemis Analytics, the global stablecoin trading volume is expected to surge by 72% year-on-year in 2025, reaching a record $33 trillion, driven by a pro-crypto policy environment that significantly expands the use of stablecoins.

Among them, the trading volume of USDC issued by Circle reached $18.3 trillion, ranking first; Tether's USDT trading volume was $13.3 trillion, also remaining high. Together, they account for the vast majority of stablecoin trading activity.

The report states that following the Trump administration's signals of a more friendly crypto policy, the use of stablecoins in payments, trading settlements, and cross-border capital flows has significantly increased, becoming one of the core infrastructures of the crypto market. Analysts believe that the explosive growth in stablecoin trading volume highlights its increasing importance in the global financial system and brings greater attention to future regulatory and policy directions.