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Stablecoin Market Cap Hits $200B Milestone, Could Double in 2025 as Adoption Accelerates

Published

5 месяцев ago

11 декабря, 2024

The booming stablecoin market hit another milestone Wednesday, crossing the $200 billion total market value mark for the first time ever as demand accelerates and adoption expands for the assets.

The asset class as a whole added $10 billion market value in only two weeks since it <a href=»https://www.coindesk.com/markets/2024/11/27/stablecoins-hit-record-190-b-market-cap-surpassing-pre-terra-crash-peak-cc-data» target=»_blank»>surpassed the 2022 bull cycle record</a> of $190 billion, according to CCData and <a href=»https://defillama.com/stablecoins» target=»_blank»>DefiLlama</a>.

Stablecoins are cryptocurrencies designed to hold a steady price, predominantly pegged to the U.S. dollar. They are a key piece of infrastructure for the digital assets space, serving as the main source of liquidity for trading crypto assets on exchanges and move value on blockchain rails.

Demand for stablecoins grew steadily through the past year as crypto markets emerged from a brutal bear market. The growth significantly accelerated following Donald Trump’s election victory last month, adding $30 billion supply as investors poured funds into cryptocurrencies in a frenzy.

Tether’s USDT, the most popular stablecoin, climbed to a record supply of $139 billion, up 12% in a month, DefiLlama data shows. USDT was recognized as an accepted virtual asset by the Abu Dhabi Global Market (ADGM) earlier this week, and the issuer aims to expand services across the Middle East region.

Circle’s USDC, the second-largest in the asset class, also grew 9% to nearly $41 billion market value during the same period. Circle just recently teamed up with Binance, the world’s largest crypto exchange by trading volume, to push USDC adoption globally.

It’s not just the booming crypto market that drives growth, though.

There’s <a href=»https://www.coindesk.com/business/2024/09/12/stablecoins-increasingly-used-for-savings-payments-in-emerging-countries-but-crypto-trading-still-leads-report» target=»_blank»>evidence</a> for increasing stablecoin usage for payments, remittances and savings, especially in developing countries with rapidly depreciating local currency and fragile financial systems. One indication of stablecoin adoption for non-crypto use cases is the rapidly growing number of stablecoin transactions on transfer applications including peer-to-peer payment platforms, Nik Milanovic, partner at the venture capital firm Fintech Fund, pointed out in an <a href=»https://x.com/NikMilanovic/status/1866588270311903506″ target=»_blank»>X post</a>.

Tokenized products with stable prices that offer yield to investors are also in vogue. <a href=»https://www.coindesk.com/markets/2024/11/19/ethena-sees-1b-inflows-as-crypto-rally-brings-back-double-digit-yields» target=»_blank»>Ethena’s</a> dollar-pegged USDe token, which generates yield by shorting bitcoin and ether perpetuals farming the funding rate, surged over $5 billion, up 90% in a month, per DefiLlama data. Up-and-coming decentralized finance (DeFi) protocol <a href=»https://www.coindesk.com/tech/2024/02/28/finance-protocol-usual-introduces-stablecoin-backed-by-real-world-assets» target=»_blank»>Usual’s stablecoin</a> zoomed to $700 million, doubling in size during the same period.

Market cap could double in 2025

The growth will likely continue into the next year, with digital asset manager Bitwise predicting the stablecoin market as reaching $400 billion in 2025. According to a <a href=»https://bitwiseinvestments.com/crypto-market-insights/the-year-ahead-10-crypto-predictions-for-2025″ target=»_blank»>Tuesday report</a>, one of the key catalysts could be the U.S. Congress passing long-awaited stablecoin legislation that defines rules for businesses and institutions to issue and interact with tokens.

«Clear answers to big questions—Who regulates them? What are the proper reserve requirements?— will spark massive new interest among issuers, consumers, and businesses,» Bitwise analysts wrote. «When that happens, expect some large traditional banks like J.P. Morgan and others to enter the space.»

Other growth catalysts include popular fintech applications integrating stablecoins to their services following Paypal’s example with its PYUSD stablecoin, and the increasing role of stablecoins in global payments and remittances, the report added.

It’s not just Bitwise who came out with bullish projections for stablecoins. Standard Chartered and Zodia Markets <a href=»https://www.coindesk.com/markets/2024/11/29/stablecoins-could-grow-to-10-of-u-s-money-supply-standard-chartered-and-zodia-markets» target=»_blank»>forecasted</a> in a report last month that stablecoins could reach to the equivalent of 10% of U.S. money supply and foreign exchange transactions, up from the current 1%.

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Solana Plunges 5% as Midnight Sell-Off Signals Institutional Exit

Published

1 час ago

25 мая, 2025

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The cryptocurrency market faces renewed pressure as Solana (SOL) dropped below its stable $177 trading range, reflecting broader concerns about global economic stability.

The correction coincides with increasing geopolitical tensions that have rattled financial markets worldwide, forcing investors to reassess risk exposure across digital assets.

Despite the pullback, Solana’s ecosystem continues to expand with R3’s strategic pivot to integrate with its blockchain, signaling growing institutional interest in the platform’s capabilities for tokenizing real-world assets.

Technical Analysis Highlights

SOL price dropped from stable $177 range to find support at $170.41, representing a 4.5% correction.
Dramatic volume spike to 1.26M occurred during midnight hour when prices fell below $172.
Support levels established at $170.67-$171.66 have held thus far.
Price attempted recovery toward $174 level before facing resistance.
In the last hour, SOL declined from $172.93 to $172.00.
Significant price drop occurred at 08:00, briefly touching $171.92 before recovering.
Volume spiked to 29,372 units during this minute, suggesting institutional selling pressure.
Temporary support found at $171.80-$171.85 range around 07:30-07:31.
Local high of $172.35 reached at 07:36 during recovery attempt.
Price continues to consolidate near $172 support level.

External References

«Solana (SOL) Price Flexes Bullish Momentum, Analysts Eye Major Breakout Beyond $250«, Coin Edition, published May 23, 2025.
«Can Solana Break the $180 Resistance? Here’s What SOL Price Will Be Worth in 2025!«, CoinPedia, published May 24, 2025.
«Solana MACD Curling Up – Is This The Prelude To A Breakout?«, NewsBTC, published May 24, 2025.

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Judge Overturns Convictions in Mango Markets Exploiter’s Crypto Fraud Case

Published

17 часов ago

24 мая, 2025

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A U.S. judge has overturned the fraud and market manipulation convictions of Avraham Eisenberg, the crypto trader accused of draining $110 million from the now-defunct decentralized finance protocol Mango Markets.

On Friday, U.S. District Judge Arun Subramanian ruled that prosecutors failed to prove Eisenberg made false representations to the platform.

He also moved to acquit Eisenberg of wire fraud charges. The investor manipulated the price of Mango’s native token MNGO with massive trades by more than 1,000% in 20 minutes before getting the protocol to allow him to borrow and withdraw $110 million in various cryptocurrencies, backed by the inflated collateral.

Eisenberg’s defense argued that the platform, which operated through smart contracts, allowed anyone to transact freely and that he simply exploited a vulnerability. The judge agreed, stating that Mango’s permissionless structure meant that there “was insufficient evidence of falsity” from prosecutors regarding Eisenberg’s representation to Mango Markets.

Eisenberg was arrested in December 2022, and while this case collapsed, he is still currently serving a four-year sentence handed out after he pleaded guilty to the possession of child sexual abuse material.

“From the beginning, we said this case was fatally flawed,” his attorney Brian Klein of Waymaker LLP said. “We are very pleased for Avi that the judge granted our motion and dismissed the case.”

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Swiss watchmaker Franck Muller Unveils Limited Edition Solana Watch

Published

18 часов ago

24 мая, 2025

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If you’ve ever wanted to have your Solana wallet on your wrist while flexing your wealth, Swiss watchmaker Franck Muller is making that a reality.

The watch market is stepping into the Web3 ecosystem with a Solana-inspired, limited-edition series of watches that contain an embedded unique QR code to directly link to the user’s Solana address.

The company’s Solana-inspired watch collection is limited to 1,111 units that will set buyers back 20,000 Swiss francs (around $24,300).

While the watches feature a unique design that could appeal to Solana ecosystem participants, their launch comes at a time when, unfortunately, flaunting crypto-related wealth is becoming risky.

The cryptocurrency industry has seen dozens of physical attacks just this year, with a notable case seeing the daughter and grandson of Pierre Noizat, CEO of crypto platform Paymium, being targeted in a daytime attempted kidnapping. The attack was filmed and shared on social media.

While that kidnapping attempt failed, an earlier one in the same city saw the father of a crypto millionaire get abducted. Police managed to rescue the man, but not before his finger was severed.

Earlier this year, the co-founder of hardware wallet maker Ledger, David Balland, along with his wife, was abducted from his home and saw similar treatment. The couple was later rescued by authorities, and a ransom that had been paid out was seized.

There have been many other similar attacks in recent months.

Franck Muller is pitching the collection as a «phygital» (physical-digital) symbol of identity and ownership in the crypto age. While the watch is certainly a piece of crypto mythos, it may be a collectible that investors may not want to show off.