2026-01-09 09:34:55

How explosive is the trading of stablecoins in 2025? The data speaks for itself — the total trading volume for the year surpassed $33 trillion, more than doubling compared to the previous year (a 72% increase), setting an all-time high.

How did the rankings look? Circle's USDC took the top spot with a trading volume of $18.3 trillion; Tether's USDT followed closely behind, handling $13.3 trillion. These two basically monopolize the majority of the stablecoin trading market.

Why is the growth so rapid? The key lies in the shift in policy environment. As the US government signals a more friendly stance towards cryptocurrencies, the application of stablecoins in payment clearing, transaction settlement, and cross-border fund transfers has expanded dramatically. In other words, stablecoins have moved from the periphery to the center, becoming the most core underlying infrastructure of the crypto ecosystem. This explosive growth also means that future regulatory frameworks and policy directions for stablecoins will attract increasing attention.

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LayerZeroEnjoyer

· 50m ago

33 trillion? Double growth? Damn, these numbers are a bit scary. USDC and USDT dominate, is such a clear monopoly really okay? Stablecoins have gone from the fringe to the core; the next target might be sanctions, I think.

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Blockchainiac

· 22h ago

33 trillion? That number is a bit outrageous. USDT and USDC are taking the biggest share. Do other projects still have a chance?

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ProbablyNothing

· 01-09 21:57

33 trillion? Damn, USDC and USDT have really taken over the entire market. The doubling growth is really unsustainable, and with the policy direction changing, the entire ecosystem has come back to life. Stablecoins have become infrastructure, so regulation is probably going to get serious now. USDT will always be the big brother, while USDC is catching up quickly. This is real money moving, not just hype and speculation. Once the friendly policy signals are out, capital flows will follow like this. Looking forward to what's next.

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LiquiditySurfer

· 01-09 10:01

33 trillion? USDC and USDT dominate both, the level of monopoly is truly remarkable.

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FOMOSapien

· 01-09 10:01

33 trillion? Wow, this number is really incredible. USDT and USDC, these two giants, are truly stable. --- Doubling in growth, this wave of policy dividends feels really comfortable. --- Stablecoins from the periphery to the center, that's exactly us haha. --- I am optimistic about the policy shift, but who can predict what will happen when the regulatory framework is truly implemented? --- USDC directly surpassing USDT with 18.3 trillion? No, there must be a data issue. --- Cross-border transfers are really smooth, no more waiting three to five days at the bank. --- With two companies monopolizing the market, is there still a way for other stablecoins to survive? --- When the US government changes its attitude, the entire market comes alive. Relying on policies is too risky. --- Are stablecoins really being used in payment and settlement scenarios? It feels like it's still mainly within the crypto circle. --- If this growth rate continues, traditional finance will inevitably undergo a major change.

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MintMaster

· 01-09 09:57

33 trillion? Damn, this number is no joke. The USDT and USDC duopoly is becoming more and more stable. Stablecoins are now infrastructure, this is the real big event. Policy friendliness + explosive application scenarios, no wonder the growth rate is so outrageous, doubling in size is a solid confirmation. With such a fierce monopoly, truly no room for latecomers. How sustainable is this wave of growth? Feels a bit inflated. Stablecoins are the real dark horse for 2025, more stable than anything else. Regulatory frameworks haven't caught up yet, this is the potential ticking time bomb. I initially thought I read the 33 trillion figure wrong, it's crazy. The monopoly position of USDC and USDT is hard to challenge. Payments, settlements, cross-border transfers... Stablecoins are really rewriting the game rules.

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SchrodingerWallet

· 01-09 09:55

33 trillion? Come on, it feels like USDT and USDC have already divided it all, and there's no room for others to get a piece.

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ChainWallflower

· 01-09 09:52

33 trillion? Damn, that's an outrageous number... USDC and USDT are really competitive Regulation is coming, and it doesn't seem far off. Policy friendliness is only short-term Stablecoins have really become infrastructure, but it's still those two that call the shots This growth rate is terrifying, and sooner or later, there will be pitfalls When policies change, everything will turn upside down, everyone

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StealthDeployer

· 01-09 09:49

33 trillion? Damn, that number is a bit outrageous. It feels like USDT and USDC are about to take over the entire market. This wave of policy benefits has really arrived. Stablecoins are finally no longer just for small-town youths. The duopoly monopoly will eventually attract antitrust scrutiny. Behind the record-breaking numbers is government policy support. Remember this moment. 33 trillion doubled? No wonder there's so much activity on-chain; big players are all in stablecoins. USDC and USDT are really top-notch; their behavior is too ugly. Policy shifts lead to direct doubling growth. That’s the true fundamental. Stablecoins have become infrastructure; regulation will definitely follow. This growth rate is insane. It seems early participants have already made it big. In the era of duopoly, small coins have no room to survive.

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GraphGuru

· 01-09 09:41

33 trillion? That number sounds great, but the monopolistic dominance of USDT and USDC is really a bit suffocating. Are policies really that friendly? I'm a bit curious to see how other stablecoins will break this situation in the future. Wait, is there some exaggeration in this growth? Need to take a closer look at the actual settlement data. Stablecoins have become infrastructure, which clearly means they've reached the mainstream. That's the core. USDC making a comeback and singing its song—Circle has made the right move over the past two years.

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