Stablecoin market cap has reached a record high of $228 billion in 2025, showing a 17% increase year-to-date.
The growth in stablecoin market cap is attributed to rising trading activity, increased payment use, and clearer U.S. regulation under the Trump administration.
Investors use stablecoins as a means to mitigate risk associated with volatile cryptocurrencies like Bitcoin and for various purposes such as payments.
A bipartisan bill aimed at regulating stablecoins is gaining momentum in the Senate and could pass soon.
Stablecoin holders often reinvest into volatile assets like Bitcoin, considering the stablecoins as potential dry powder for future investments.
Tron network hosts the largest amount of stablecoins, with $75.7 billion worth of USDT compared to Ethereum's $71.4 billion.
In 2025, there have been 17 USDT mints exceeding $1 billion on the TRX chain.
Bitcoin's price is currently around $108,300, showing a nearly 5% increase in the last seven days.