Stablecoins break $300B market cap, post 47% growth year-to-date

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Stablecoins — cryptocurrencies pegged to the worth of fiat currencies oregon commodities — person surpassed $300 cardinal successful marketplace capitalization for the archetypal time, highlighting a important adoption trend.

According to information from open-source aggregator DefiLlama, the milestone was reached connected Oct. 3, 2025, capping a year-to-date maturation of 46.8%

By reaching the $300 cardinal threshold, the stablecoin market is well-positioned to interruption the gait of 2024 amid intensifying contention and a question of caller stablecoin launches this year.

“The milestone is simply a reminder that the infrastructure we physique contiguous has to standard to trillions, due to the fact that that’s wherever the marketplace is headed,” USDT0 co-founder Lorenzo R told Cointelegraph.

A $23 cardinal spread to replicate past year’s growth

To lucifer past year’s 58% growth, stablecoins would request to adhd different $23 cardinal successful worth by year-end. With $40 cardinal added successful the 3rd 4th alone, analysts accidental the marketplace is connected track.

The 58% summation would not beryllium the highest gait seen historically. The stablecoin marketplace headdress ballooned by 876% successful 2019, rising from astir $400 cardinal to $4.1 cardinal successful a year.

The roar continued done the pandemic era, with the marketplace expanding further by 568% successful 2020 and 494% successful 2021, earlier experiencing its archetypal large contractions successful 2022 and 2023.

Ethena’s USDe and Solana among the biggest winners

As Cointelegraph antecedently reported, stablecoin maturation successful 2025 was driven chiefly by Tether USDt (USDT), Circle’s USDC (USDC) and Ethena Labs’ yield-bearing stablecoin USDe (USDE).

Despite USDT and USDC heavily dominating stablecoin inflows and marketplace cap, Ethena’s USDe saw the biggest spike successful marketplace stock growth, surging much than 150% from astir $6 cardinal successful January to astir $15 cardinal by October, according to information from RWA.xyz.

Network-wise, Ethereum continued to predominate the stablecoin industry, with a circulating stablecoin proviso of $171 billion.

However, stablecoins connected Ethereum person risen by astir 44% successful 2025, portion Solana-based stablecoins surged astir 70% from $4.8 cardinal to $13.7 billion.

Arbitrum and Aptos person besides seen notable growth, with stablecoin circulation proviso surging by astir 70% and 96%, respectively.

Anticipation of mainstream adoption

According to EarnOS laminitis Phil George, the $300 cardinal stablecoin milestone is significant, but the inclination is much crucial.

“Supply has doubled successful 2 years and volition astir apt treble again successful 1 twelvemonth from now,” George said, adding that large fiscal platforms similar Stripe, Circle and Tether person announced gathering their ain layer-1 (L1) blockchains and PayPal is already issuing their ain stablecoin.

“I expect to spot $100 trillion of transaction measurement adjacent twelvemonth and would emotion to spot proviso treble again to $600 billion,” helium told Cointelegraph, expressing assurance astir much stablecoin launches by outgo giants similar Visa.

Aryan Sheikhalian, caput of probe astatine CMT Digital, echoed George’s perspective, saying that portion the $300 cardinal milestone is simply a “marker of maturity,” adjacent much important thresholds are apt connected the horizon.

Sheikhalian said $500 cardinal would people mainstream integration, with $1 trillion apt by decade’s extremity arsenic stablecoins scope firm treasuries and user payments.

“Longer term, if corporations similar Amazon oregon Walmart contented their ain tokens oregon follow stablecoins astatine checkout, that’s the infinitesimal the rails of user concern volition person fundamentally shifted.”

Magazine: Japan tours connected XRP Ledger, USDC and USDT payments via Grab: Asia Express

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