Coinspeaker
14 hour ago
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Stablecoin Transactions Hit $1.5 Trillion, Outpacing Visa and PayPal

Stablecoins are processing more monthly adjusted volume than major payment networks such as Visa and PayPal, with a transaction volume reaching $1.5 trillion by October, according to Delphi Digital.

  • Visa and Mastercard recorded spending volumes of $4.4 trillion and $2.7 trillion, respectively, in Q3 2025.
  • Total stablecoin supply has increased by 33% in 2025, exceeding $304 billion.
  • Recently, $1.4 billion in new stablecoin supply was added despite weaker DEX volumes.

Reasons for Stablecoin Growth

  • Stablecoins settle transactions directly on-chain, reducing intermediaries and speeding up settlement.
  • The GENIUS Act introduced a federal framework for dollar-backed stablecoins, promoting regulatory clarity.

Market Leaders

  • Tether holds about 60% of the market with $186 billion in circulation.
  • Circle's USDC accounts for 25% of the market, with a market cap near $78 billion.
  • Together, Tether and Circle account for 85% of the total stablecoin market cap, exceeding $315 billion.