Stablecoin Transaction Volume Exceeds Visa for First Time in Q1 2025

Stablecoin transactions surpassed Visa in early 2025, marking significant growth despite declining crypto prices.

Bitwise’s Q1 2025 Crypto Market Review reported stablecoin transaction volume exceeded Visa’s for the first time.
Stablecoin usage increased by 30%, with assets under management reaching a record $218 billion.
Total market cap for stablecoins rose to $237 billion.
Tokenized real-world assets grew from $14 billion to $19 billion, largely due to demand for tokenized U.S. Treasuries.
DeFi projects attracted 18% of Q1 venture capital funding, comparable to infrastructure investments.
Notable funding included World Liberty Financial raising $590 million and Ethena securing $100 million.