In 2025, the total trading volume of stablecoins reached a new high of $33 trillion, with USDC ranking first in trading volume.

According to Artemis data, the total transaction volume of stablecoins surged by 72% in 2025, reaching a record high of $33 trillion. Among them, USDC, developed by Circle, stood out with a transaction volume of $18.3 trillion, while USDT, issued by Tether, had a transaction volume of $13.3 trillion.