Stablecoin Transactions Rose to Record $33 Trillion in 2025 (1)

Stablecoin transactions reached unprecedented heights last year, buoyed by favorable policy in the US under pro-crypto President Donald Trump.

Total stablecoin transaction volumes soared 72% to $33 trillion in 2025, according to data compiled by Artemis Analytics Inc. Leading the way was USDC, a digital dollar developed by Circle Internet Group Inc., which accounted for $18.3 trillion worth of transactions, while Tether Holdings SA’s USDT recorded $13.3 trillion.

Stablecoins are a kind of cryptocurrency engineered to mimic the price of a mainstream asset, most often the US dollar. Trump’s administration has embraced them, pushing through dedicated legislation ...