Stablecoin’s total supply reached a record $283.2 billion, but that’s not the only milestone. According to data from Token Terminal, the number of Stablecoin senders just reached 25.2 million per month, the highest ever recorded 25.2 million.
So far, in 2025, startups are working on it Stablecoin The project has raised $621.81 million. That’s not a typo. Seven times the $84 million collected in all of 2024.
The largest single contract comes from OSL Group, a Hong Kong-based company that was locked up at $300 million in July. That capital will directly enter operations expanding across the global market.
Trump signs genius acts, businesses move fast
Behind this wave of funding is regulation. President Donald Trump signed the Genius Act earlier this year. The law has given the stubcoin industry clarity that it is gging. Mnee CEO Ron Tarter called it “the green light of corporate America, legalizing the industry.”
And Wall Street hears. Total capitalization of all Stablecoins exceeds the new peak of $297 billion. At Coinbase, analysts are betting that the market will shoot up to $1 trillion by 2028.
The Circle, the company behind USDC, held its first public offer in June, raising $1 billion. The shares are currently trading at $144. Combined with funding from figure technology and other centralized and RWA-centric entities, the total investment in the space has exceeded $2.4 billion this year.
Traditional finance doesn’t sit still. Payment giant Stripes builds their own stub coins. The same goes for Citigroup, Wells Fargo and Bank of America. Meanwhile, Societe Generale’s Crypto Division, SG-Forge, has launched a token called USDCV. At JPMorgan, executives have confirmed the release of JPMD coins built on the basic blockchain.
Coinbase will fight against banks as new products unfold
Not everyone is happy. The bank’s lobby group is upset. They argue that the Genius Act puts the banks at a disadvantage. Banks cannot do that without additional restrictions. And the difference claims that it can withdraw more than $6 trillion from traditional bank deposits.
Coinbase doesn’t have it. Faryar Shirzad, the exchange’s policy director, said the bank wants to cut a $187 billion annual cut from trading fees. He called their warning “myth.”
Tensions surged this week as Coinbase CEO Brian Armstrong and other crypto executives headed to Capitol Hill. Banks want lawmakers to stop offering platforms like Coinbase to their customers. Brian wasn’t amused. “They should have to compete on a level playing field in the code,” he said Wednesday. Cryptopolitan It has been reported.
Currently, Coinbase is giving 4.1% in its USDC holdings. Kraken offers 5.5% on the same. That’s far outweigh what banks are paying for savings.
Meanwhile, on Monday, the Bitfinex-backed plasma blockchain project revealed Plasma One, a Neobank built from the ground up for the use of Stablecoin. The app includes zero-fee USDT transfer, card payments with built-in rewards, and issuing virtual card myopia. According to Plasma, early access will be launched in stages, focusing on users in regions with less access to the US dollar.
Plasma’s goal is to become a full stack platform for Stablecoin users. Even if all profits are there are problems. The front-end experience is a pain. Murat Firat, Plasma’s product director, says that it’s not enough. “Infrastructure alone isn’t enough,” he said.
On Standard Chartered, analysts said in July that clients were more interested in Stablecoins than Bitcoins. In September, JP Morgan analysts warned that a wave of new tokens could lead to a cruel zero-sum race between issuers.
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