2025
Stablecoin
Wrapped
The year in digital dollars
Total Supply
Total Stablecoins
$308B
+$103B this year
YTD Growth
+50.1%
Active Stablecoins
317
“2025: stablecoins grew like infrastructure, not a trade.”
Market Leaders
Top Stablecoins
USDT
Tether
$186.3B
63.6%
USDC
USD Coin
$77.1B
26.3%
USDS
Sky Dollar
$6.8B
2.3%
USDe
Ethena USDe
$6.4B
2.2%
DAI
Dai
$4.6B
1.6%
YTD Performance
Winners &
Losers
↑ Winners
+$48.6B
+35%
+$33.2B
+76%
+$0.6B
+10%
↓ Losers
$-0.1B
-32%
Ecosystem Growth
New Players
Jan 1
248
stablecoins
Now
317
stablecoins
Fastest Growing Newcomer
USD1
World Liberty Financial USD
Launched March 2025
$2.78B
Fastest 0 → $2.7B in crypto history
The stablecoin market is expanding rapidly with new entrants
New Entrants
2025 Stablecoins
New Stablecoin Market Cap
$14.46B
4.7% of total market
Recently Launched
USD1
World Liberty FinancialTrump-backed stablecoin
$2.78B
March 2025
USDf
Falcon FinanceInstitutional stablecoin
$2.11B
February 2025
RLUSD
RippleRipple's regulated stablecoin
$1.36B
December 2024
USDS
Sky (formerly MakerDAO)MakerDAO's rebranded stablecoin
$6.80B
September 2024
USYC
HashnoteYield-bearing stablecoin
$1.41B
2024
Traditional finance players entering the stablecoin market
Market Growth
The Power Shift
Jan 1 → Now
$206B
Today
$308B
+50.1% YTD
USDC gained share while USDT's dominance decreased
DeFi Usage
Where It's Parked
Stablecoin DeFi TVL
$18.6B
4,027 pools • 6.0% of supply
Distribution
Chain Reach
Most distributed
USDC leads in multi-chain availability
122
chains
104
chains
49
chains
33
chains
23
chains
22
chains
DEX Activity
Trading Velocity
24h Volume
$11.77B
7d Volume
$73.83B
Top DEXs
#1
Uniswap V3
$1.44B
#2
PancakeSwap V3
$1.42B
#3
HumidiFi
$1.11B
#4
Uniswap V4
$0.99B
#5
PancakeSwap Infinity
$0.68B
CEX Dominance
Reality Check
CEX Trading Share
Exchange Reserves • $60.0B total
67%
13.5%
6.2%
Year in Review
$309B market.
+50% growth.
One year.
Stablecoins are becoming the backbone of digital finance.
