Trump policies ignite frenzy for digital dollars! Stablecoin trading volume in 2025 skyrocketed 72% to a record high.

Under the leadership of the Trump administration, which has a supportive stance on cryptocurrency, favorable policies enacted in the United States have propelled stablecoin trading volume to unprecedented levels last year. According to data compiled by Artemis Analytics, stablecoin trading volume in 2025 increased by 72% compared to the previous year, reaching $33 trillion. Among them, the digital dollar USDC developed by Circle Internet Group (CRCL.US) led with a trading volume of $18.3 trillion, while Tether Holdings SA's USDT had a trading volume of $13.3 trillion. Stablecoins are a type of cryptocurrency designed to anchor the price of mainstream assets (usually the US dollar). The Trump administration has welcomed stablecoins and pushed for specialized legislation under the "Genius Act" framework in July last year. This has further encouraged the technology to be more widely adopted at the institutional level, with heavyweight institutions such as Standard Chartered Bank, Walmart Inc. (WMT.US), and Amazon.com, Inc. (AMZN.US) exploring issuance. One of the Trump family's cryptocurrency projects, World Liberty Financial, also launched a stablecoin called USD1 in March last year. Despite the overall increase in capital flow in 2025, the proportion of trading volume on decentralized cryptocurrency platforms has decreased, indicating that the use of stablecoins is becoming more widely accepted. Artemis co-founder Anthony Yim said this "sends a signal for digital dollars to be widely adopted, especially in the increasingly unstable political environment of GEO Group Inc." He added that residents of countries plagued by inflation and instability tend to prefer holding dollars, and stablecoins are the simplest way to achieve this. In 2025, stablecoin trading volume reached a historic high According to data from CoinGecko, USDT with a circulating supply of $187 billion became the world's largest stablecoin by market value, far surpassing USDC's $75 billion. However, Artemis's data shows that USDC dominates in terms of trading volume. USDC is the most favored stablecoin on decentralized finance (DeFi) platforms. DeFi platforms conduct lending or trading activities through automated blockchain software. Anthony Yim said DeFi traders frequently enter and exit positions, meaning the same USDC dollar is repeatedly used. In contrast, USDT is more commonly used for daily payments, commercial transactions, or value storage, with people usually keeping it in their wallets rather than circulating it frequently. Dante Disparte, Chief Strategy Officer and Global Head of Policy and Operations at Circle, said the "Genius Act" has set clear legal standards for stablecoins, and people choose USDC because "it provides the deepest global liquidity and the highest level of regulatory trust". Despite the embrace of stablecoins by the US and other countries, some institutions remain cautious. The International Monetary Fund (IMF) stated in October last year that the stablecoin market may threaten traditional credit, weaken monetary policy, and trigger runs on historically viewed safe assets. Nevertheless, the growth of stablecoins is still accelerating. According to Artemis's data, stablecoin trading volume reached a record $11 trillion in the fourth quarter of 2025, compared to $8.8 trillion in the third quarter. According to analysis, by 2030, the total scale of stablecoin payments may exceed $56 trillion. Stablecoin payment scale may exceed $56 trillion by 2030.