Stablecoins dominate cryptomarket and nourish new liquidity wave

The global cryptomarkt sees a remarkable shift: stablecoins – Digital assets that link their value to traditional currencies such as the US dollar – are taking an increasingly dominant position within the sector. New figures show significant growth in market capitalization, use and adoption of these tokens, which opens the door for a potential long-term rally in the Crypto Coersen.

Market capitalization reaches record high

According to recent data From cryptoquant, the total market capitalization of Stablecoins in 2025 increased by no less than 17%, good for an increase of 33 billion dollars. This brings the total to a record of 228 billion dollars. This growth indicates increasing liquidity within the cryptomarkt, a crucial condition for the occurrence of a long -term bull market.

The two largest players in this sector, Tether (USDT) and Circle (USDC), this growth lead. USDT has grown by 13% to $ 155 billion. USDC even had an impressive recovery: after a heavy recoil in 2023 – as a result of the fall of Silicon Valley Bank – market capitalization in 2025 increased by 39%, to $ 61 billion.

Liquidity at trade shows rises sharply

In addition to general market growth, figures from cryptoquant indicate an increase in stablecoin reserves at centralized trade fairs (CEXS). The amount of ERC20-Stablecoins on these platforms is currently around 50 billion dollars. USDC in particular has a share in this: the stock market reserves have risen by a factor of 1.6 to around $ 8 billion.

So-called “Yield-Bearing” Stablecoins-versions that generate interest by stopping them-are also in the elevator. The total value of these assets has risen by 28% since the end of May to $ 6.9 billion. Stablecoins such as Susde and Susds are the biggest drivers.

Business shows growing interest

The American Crypto Fair Coinbase emphasizes in a recent rapport That Stablecoins are not only on the rise within the Cryptomarkt itself, but also increasingly come into the picture of companies. According to their research, 81% of small and medium -sized companies (SMEs) that are familiar with crypto, interest in the use of Stablecoins for financial processes.

It is striking that the number of Fortune 500 companies involved in Stablecoin initiatives has tripled compared to 2024. In addition, 82% of SMEs indicated that Crypto could solve at least one major financial challenge for their company.

The Q2 2025 State of Crypto report just dropped.

TL;DR: The world loves stablecoins. pic.twitter.com/agOZ8naqoF

— Coinbase 🛡️ (@coinbase) June 10, 2025

Transaction volume exceeds Visa and Mastercard

The adoption of Stablecoins translates into unprecedented activity on the network. In 2024, 27.6 trillion dollars on stablecoin transactions were carried out-more than the combined volume of Visa and Mastercard. Moreover, there are now more than 160 million Stablecoin users worldwide, while the total supply growth on an annual basis is 54%.

Coinbase points out that this development is largely ‘organic’: it is therefore not only speculative investors or Defi users, but also regular companies and consumers that actively use Stablecoins.

Regulation climate improves

An important driver of this growth is the improved regulations in, among others, the United States. According to Cryptoquant, the greater clarity from the US government – partly under the impetus of the current political course – has led to a safer investment climate. Coinbase points to the Genius Act and other legislative proposals that are being treated in the US Congress.

Steps are also taken elsewhere in the world. In South Korea, the newly elected President Lee Jae-Myung recently presented the Digital Asset Basic Act. This law makes it possible for companies to issue local stablecoins, provided they have sufficient capital and reserves and approve the regulator.

In Europe the process is going slower. The European Central Bank focuses primarily on the development of its own digital euro (CBDC), while national governments want to maintain control over monetary traffic.

Dominance of two players

The current Stablecoin market is strongly dominated by two publishers: Tether and Circle. Together they are responsible for 85% of the total offer. Tether has a market share of 61%, with 155 billion dollars in circulation. Circle follows with a share of 24% and a circulation of $ 61 billion.

Makerdao follows at some distance with its decentralized Stablecoin USDS (formerly DAI), with a market capitalization of $ 7.2 billion. This keeps it the largest fully decentralized Stablecoin on the market.

With the continuing growth, increasing adoption by companies and improving regulations, it seems that Stablecoins have definitively established their role as a foundation under the cryptomarkt.