Stablecoin issuance volume has reached a record high, surpassing Visa volume.

The rise of stablecoins is reshaping the global financial landscape. Gan Tian, the CEO of Huaxia Fund, emphasized the rapid growth of stablecoins and pointed out that the trading volume of stablecoins has exceeded the 40-year trading volume of Visa in just five years. This highlights the shift in currency usage.

The rise of stablecoins marks a significant impact on the traditional financial system. According to industry leaders, by 2025, the global issuance of stablecoins is expected to reach $235 billion, and the settlement model will undergo tremendous changes. The current momentum suggests a profound transformation in trading methods.

Stablecoin Surpasses Visa: Five-Year Milestone

The announcement from Gantian shows that by May 2025, the issuance of stablecoins is expected to exceed $235 billion. This surge reflects the increasing reliance on digital currencies for global transactions. The rapid growth in issuance indicates a declining dependence on traditional financial mechanisms.

The trading volume of stablecoins has surpassed Visa's 40 years of trading volume in just five years, and significant changes are expected. This rapid rise indicates that stablecoins currently occupy a crucial position in both the cryptocurrency and traditional financial markets, suggesting that digital currencies are merging on a large scale. Market experts and leaders in the financial sector have recognized the transformative potential of stablecoins. Among them, Xiaofeng, Vice Chairman of Wanxiang Holdings, believes that these digital assets represent a significant evolution of currency, laying the groundwork for widespread acceptance.

Wanfang Holdings Vice Chairman Xiao Feng:

"Stablecoins represent a new stage in the development of currency, which can be referred to as 'tokenized currency'. Based on distributed ledger technology, stablecoins enable peer-to-peer transactions without the need for intermediaries to unify information...... The emergence of stablecoins also marks the appearance of the digital twin trend, which involves bringing real assets onto the blockchain for tokenization."-

Historical background, price data, and expert analysis

Did you know? In just five years, the volume of stablecoins is three times that of traditional payment systems, which once again demonstrates the practicality and adaptability of stablecoins in the evolving financial ecosystem.

According to data from CoinMarketCap, the price of Tether USDt (USDT) is 1.00 USD, with a market capitalization of approximately 157.61 billion USD, accounting for 4.73%. Its recent trading volume reached 51.69 billion USD, with slight negative price fluctuations over 24 hours. This data indicates that USDT plays an important role as a stablecoin leader in the digital currency market.

Tether USDt(USDT), daily chart, screenshot from CoinMarketCap at 04:49 UTC on June 30, 2025. Source: CoinMarketCap Source: CoinMarketCap

The insights from the Coincu research team indicate that the use of stablecoins is increasing, which may accelerate the process of financial digitization. Regulatory frameworks are evolving to accommodate the expanding stablecoin market, driving its further integration into traditional financial infrastructure. These platforms may drive innovation in cross-border transactions.

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