Stablecoins -Cryptocurrencies that are in the cost of fiat currencies or commodities -exceed $ 300 billion in market capitalization of the first time, featuring a significant adoption.
According to In data from open-source aggregator Defillama, Milestone reached October 3, 2025, capping a year-to-date growth of 46.8%
By reaching a $ 300 billion threshold, the Stablecoin Market is properly positioned to break the speed of 2024 amid the increasing competition and a wave of new stablecoin launches this year.
“Milestone is a reminder that the infrastructure we are currently building should be measured in trillion, as there is leading the market,” USDT0 co-founder Lorenzo R told cointelegraph.
A $ 23 billion gap to copy last year’s growth
To match last year’s 58% growth, Stablecoins will have to add another $ 23 billion worth by the end of the year. With a $ 40 billion added to the third quarter, the analysts said the market was on the track.
Increasing 58% is not the maximum speed seen in history. The Stablecoin Market cap was 876% in 2019, rising from about $ 400 million to $ 4.1 billion a year.
The Boom continued during Pandemya, with the market expanding 568% in 2020 and 494% in 2021, before its first major contracting in 2022 and 2023.
Usde and Solana by Etherna to the largest winners
Number Cointelegraph had previously reportedStablecoin growth in 2025 was driven primarily by Tether USDT (USDT), USDC of Circle (USDC) and etena labs’ Ani-bearing stablecoin USDE (USDE).
Despite the USDT and USDC Stablecoin streams strongly dominate And the market cap, the USDE of Etherna saw the largest spike in market sharing, which dropped more than 150% from around $ 6 billion in January to nearly $ 15 billion in October, According to to data from RWA.xyz.
The network was smart, Ethereum continued to dominate the Stablecoin industry, with a circulating Stablecoin supply of $ 171 billion.
Related: Race for Global Stablecoin Rail
However, Stablecoins in Ethereum rose nearly 44% in 2025, while Solana -based in Solana rose nearly 70% from $ 4.8 billion to $ 13.7 billion.
Arbitrum and aptos also saw known growth, with a stablecoin circulation supply of about 70% and 96%, respectively.
Hope of the mainstream adoption
According to Earnos founder Phil George, the $ 300 billion stablecoin milestone is significant, but the trend is more important.
“The supply has doubled for two years and probably doubles again a year from now,” said George, adding that the main financial platforms such as stripe, circle and tether have been announced that they are forming themselves Layer-1 (L1) Blockchain and Paypal has already released their own stablecoin.
“I hope to see $ 100 trillion of transaction volume next year and I would like to see double again at $ 600 billion,” he told Cointelegraph, expressing confidence about more stablecoin launch of giant payments like Visa.
Related: All currencies will be stablecoins by 2030: Tether Co-Founder
Aryan Sheikhalian, head of research on CMT Digital, shouted George’s view, saying that while the $ 300 billion milestone was a “maturity marker,” even more significant thresholds were likely to be overlooked.
Sheikhalian said $ 500 billion would mark the integration of the main integration, with $ 1 trillion likely by the end of the decade as the stablecoins reached corporate treasures and consumer payments.
“The term is longer, if corporations like Amazon or Walmart release their own tokens or adopt stablecoins in checkout, that’s the moment that consumer financial metals will change fundamentally.”
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