As of the second quarter of 2025, the number of users holding stablecoins reached 161 million. This figure significantly exceeds the population of the ten largest cities in the world and is four times greater than the population of Canada.
This is reported by Бізнес • Медіа
Transaction Volumes in Stablecoins and Growth of Emission
In recent months, the transaction volume in stablecoins has shown record values. In December 2024, this figure peaked at $719 billion, and by April 2025, it remained nearly at the same level — $717.1 billion. This volume is approaching the results of leading payment systems in the world, including Visa.
In May 2025, the total issuance of stablecoins reached $247 billion, accounting for nearly 10% of the entire dollar circulation in the U.S. The market capitalization of USDC rose to a record $62 billion, while the total reserves of issuers such as Circle and Tether in U.S. government bonds exceeded the holdings of some leading economies, including Germany.
There is also a growing demand for stablecoins among entrepreneurs. According to the report, these digital assets help businesses optimize transaction costs, accelerate international payments, and provide access to financial services without the need to involve traditional banks.
Research shows that 58% of small and medium-sized businesses (SMBs) reported a reduction in costs for international transactions due to the use of regulated stablecoins, while 89% saw significant benefits from their application.
Explosive Growth of the Tokenized Real Assets (RWA) Sector
At the same time, there is extraordinary growth in the market for tokenized real assets. In April 2025, the volume of tokenized assets reached $21 billion, which is 245 times more than the previous year. The largest share in the RWA structure is held by private credit (61%), followed by government bonds (30%) and commodity assets (7%). Leading positions in this market belong to platforms such as Figure, BUIDL, and BENJI, which are attracting billion-dollar investments.
The use of cryptocurrencies among small businesses is also significantly increasing: in 2025, 34% of businesses are using them, which is double compared to 17% in 2024. The number of companies conducting transactions using stablecoins or other crypto assets is also growing.
The report notes that 82% of SMBs indicate that they have solved at least one financial problem thanks to cryptocurrencies, and 57% believe that it helps save money.
“As Main Street goes, so goes the economy. But the key barrier remains regulatory uncertainty: 72% of small businesses state that they would be more likely to use cryptocurrencies if the market had clear rules,” the report states.
Business leaders also emphasize the need for clear regulation of the digital asset market for further industry development. Nine out of ten top executives from Fortune 500 companies call for the implementation of transparent rules, considering it essential for the continued growth of the cryptocurrency sector. In the U.S., 38 states are already working on over 130 bills related to cryptocurrencies.
It is worth noting that the U.S. Senate plans to consider the legislative initiative regarding stablecoins “Guiding and Establishing National Innovation for U.S. Stablecoins” (GENIUS Act) on June 11, 2025.