Stablecoin Flows Hit $33 Trillion in 2025 as USDC Leads

Regulatory clarity from the GENIUS Act coincided with a pivot toward real‑world settlement.

Overview

Artemis Analytics data reported by Bloomberg show 2025 stablecoin transactions reached $33 trillion, up 72% year over year, with a record $11 trillion in Q4.
USDC processed $18.3 trillion versus $13.3 trillion for Tether’s USDT, highlighting different usage patterns across decentralized finance and payments.
Analysts observed activity moving away from decentralized trading toward payments, treasury functions, and cross‑border settlement.
Tether remains the largest by market value at about $187 billion, compared with roughly $75 billion for USDC.
The GENIUS Act set reserve requirements and barred issuer‑paid interest, while policymakers weigh limits on third‑party rewards as total supply was reported up 7% to $316 billion.