Analysts at WIN Research Japan have noted that stablecoins continue to reinforce their role not only on centralized exchanges (CEX) but also within decentralized ecosystems (DEX). According to CryptoQuant, stablecoin reserves on trading platforms reached $59 billion in September 2025 — a new all-time high. Such growth in reserves is traditionally seen as a hidden indicator of market participants’ readiness for active moves.

In Nigeria, where the devaluation of the naira and banking restrictions have led to difficulties with everyday financial transactions, stablecoins have become a popular tool for transferring and storing money. In South Africa, monthly transaction volumes grew by 50% over the past year.

Payment giant Mastercard and Circle have entered into a partnership agreement to enable settlements in USDC and EURC stablecoins for acquirers in Eastern Europe, the Middle East, and Africa.

Analysts at Citigroup’s Future of Finance division predict an outflow of $6.6 trillion from bank deposits into stablecoins.

The MetaMask crypto wallet, owned by Consensys, has announced the launch of its own stablecoin, MetaMask USD (mUSD), backed by the U.S. dollar.

According to Dune Research, the key drivers behind the growth of cryptocurrency operations in Latin America are social and economic factors such as political instability and high inflation.

South Korea is introducing measures to regulate its domestic stablecoin market. The country’s main financial regulator — the Financial Services Commission (FSC) — plans to publish a new law in October 2025 focused on stablecoins pegged to the won. The law will serve as a supplement to the Act on the Protection of Virtual Asset Users.

Other

Since November last year, the stablecoin market has shown rapid growth, becoming one of the key indicators of the strengthening cryptocurrency sector. The total market capitalization of Tether (USDT) has increased from $120 billion to $164.5 billion, while Circle’s USD Coin (USDC) grew from $34 billion to $65.1 billion.

Cryptocurrency

As of August 12, 2025, the market capitalization of stablecoins — a key source of liquidity for the cryptocurrency market — hit $281 billion. Average daily trading volume also grew by 12%, reaching around $187 billion.

Cryptocurrency

In July, the stablecoin sector hit another milestone — its total market capitalization reached a new all-time high of $261 billion, marking a 4.87% increase compared to the previous month.

Starting August 1, new regulations have come into effect in Hong Kong, requiring stablecoin issuers to verify the identity of every holder of their tokens by enforcing Know Your Customer (KYC) procedures.

Cryptocurrency

CryptoQuant researcher Burak Keçmeçi reminded that on July 18, 2025, the U.S. Congress passed the GENIUS Act — the first federal regulation governing the circulation of payment stablecoins in the United States.

Tether CEO Paolo Ardoino claims that 40% of all blockchain fees are generated by USDT transactions. He emphasized that hundreds of millions of users across Ethereum, Arbitrum, BSC, Solana, Polygon, TON, Avalanche, and Tron use the world’s most popular stablecoin daily.

Cryptocurrency

The yield-bearing stablecoin USDe, issued by Ethena Labs, has surpassed FDUSD to become the third largest dollar-pegged token. A 75% increase in market capitalization since mid-July has brought the circulating supply to $9.3 billion, according to The Block's dashboard data.

The head of HashKey stated that currently there is a frenzy around stablecoins in Hong Kong, but Chinese regulators remain highly cautious. The executive sees a major gap between the market enthusiasm for crypto assets and the regulatory reality. According to Xiao Feng, the main role of stablecoins is to serve as an intermediate medium for trading volatile crypto assets.

Visa CEO Ryan McInerney believes that stablecoin payments are still in their early stages. Before stablecoins can be widely used for cross-border transactions, countries must first enact regulatory frameworks governing their issuance and circulation.