Stablecoin Trading Volume Hits Record High in 2025, Reaching $33 Trillion for the Year with USDC Leading

According to Bloomberg citing data from Artemis Analytics, global stablecoin trading volume surged by 72% year-on-year in 2025, reaching a record high of $33 trillion, driven by a crypto-friendly policy environment. Circle's USDC trading volume reached $18.3 trillion, taking the top spot; Tether's USDT trading volume was $13.3 trillion, also maintaining a high position. The two together accounted for the majority of stablecoin trading activity. Following signals of more crypto-friendly policies from the Trump administration, the use of stablecoins in payments, transaction settlements, and cross-border fund flows has significantly increased, making them one of the core infrastructures in the crypto market. Analysts believe that the explosive growth in stablecoin trading volume highlights its increasing importance in the global financial system, bringing higher attention to future regulatory and policy trends.

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