As of October 3, 2025, the total market capitalization of stablecoins has reached and surpassed the historic milestone of 300 billion dollars for the first time. According to DeFiLlama, this figure stood at 301.6 billion dollars, indicating a rapid increase in interest in stable cryptocurrencies in the global financial market.
This is reported by Business • Media
Market Leaders and Capitalization Distribution
The largest market share is traditionally held by the stablecoin USDT, issued by Tether. Its share of the total capitalization is 58.44%. The second position is occupied by USDC (24.56%), followed by USDe (4.92%) and DAI (1.66%). The share of other stablecoins combined is 10.42%.
Over the past month, the market value of the three largest stablecoins has shown positive dynamics: USDT increased by 5.6%, USDC by 2.7%, and USDe by 18.94%.
Impact of Regulatory Changes and the Signing of the GENIUS Act
Experts believe that a key factor in the sector’s growth has been the emergence of clear regulatory rules. In mid-July 2025, U.S. President Donald Trump signed the GENIUS Act on stablecoins, which significantly impacted the market.
“Since the adoption of this initiative, the sector’s capitalization has increased by 19%, and by 42% since the beginning of 2025. Moreover, this figure has proven to be twice as high as the growth rate of the cryptocurrency market as a whole.”
In an analytical report, specialists from JPMorgan Chase emphasized that stablecoins now account for about 1.3% of the U.S. money supply, which is 35 basis points higher than at the beginning of the year.
Notably, the stablecoin USDC, issued by Circle, has shown particularly strong dynamics. Since the beginning of 2025, its market share has increased by 4%, while USDT’s position has decreased by 9%. Experts explain this by noting that Circle is a publicly traded American company, and its product fully complies with the requirements of the new GENIUS Act, which has increased trust among investors and regulators.