Stablecoin Payments Reach New Record High in 2025
- Stablecoin payments hit record high in 2025, led by USDT and USDC.
- Over $18.7 trillion in volume processed, surpassing previous years.
- Adoption driven by real-world commerce and stringent regulations.
Stablecoin transactions reached unprecedented levels in September 2025, with USDT and USDC leading the charge as real-world crypto spending intensifies globally, revealing massive adoption trends.
This surge highlights the expanding role of stablecoins in financial systems, challenging traditional payment networks and signaling significant shifts in digital currency usage worldwide.
In 2025, stablecoin payments achieved a historical milestone as real-world crypto usage accelerated. USDT (Tether) and USDC (Circle) dominated stablecoin volumes, marking a significant shift in cryptocurrency markets.
Tether and Circle lead with 87–98% of stablecoin supply and volume. They processed over $18.7 trillion in 2025, demonstrating expanded real-world utilization. This reflects a major evolution in the crypto landscape.
Stablecoin transaction volumes reached unprecedented levels, with over $1.25 trillion for September 2025 alone. The increased activity indicates a shift towards payments and on-chain utility rather than trading.
The structural increase in stablecoin utility positions crypto as an essential payments infrastructure. Notable growth is observed, complementing institutional involvement from entities like Visa and Tesla in the payment ecosystems. “Stablecoins have done $46 trillion in total transaction volume in the last year, up 106% from the year before,” as noted by a16z Crypto, further highlighting the growth.
The payment industry reflects a preference for USD-denominated stablecoins, which hold a 98% market share. Gold-backed and EUR-stablecoins show measurable, but smaller growth, indicating diversified interest. “USD-denominated stablecoins dominate the stablecoin market, with a 98 percent market share,” according to the IMF Crypto Monitor.
Financial impacts are considerable, with a 106% growth in 12-month total volume, now at $46 trillion. Analysis shows enhanced regulatory clarity under new legislations like the GENIUS Act and MiCA, fostering stronger trust in stablecoins.
