The Year in Stablecoins 2025: Record Growth as GENIUS Act Opens the Floodgates
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The Year in Stablecoins 2025: Record Growth as GENIUS Act Opens the Floodgates
Stablecoins exploded in 2025 with new regulations, banking charters, and a $306 billion market cap—but not all issuers had smooth sailing.
Circle's USDC and $THE Tether's USDT stablecoins. Image: Shutterstock/Decrypt
In brief
Stablecoin market capitalization surged 49% in 2025, reaching $306 billion by December, driven by regulatory clarity and institutional adoption.
The GENIUS Act signed in July established the first federal regulatory framework for stablecoins in the U.S., providing market clarity.
Major issuers including Circle, Ripple, and Paxos received provisional banking charters from the OCC, signaling further mainstream integration.
ETH
3,159.9
-1.78%
THE
0.2233
+5.13%