Liberty

USDC

Genius

World Liberty Financial

Record

Stablecoin transaction volumes climbed to a record $33 trillion in 2025 as <a href="https://yellow.com/asset/usdc" rel="noopener noreferrer nofollow">USDC</a> processed $18.3 trillion worth of transfers—surpassing <a href="https://yellow.com/asset/usdt" rel="noopener noreferrer nofollow">USDT</a>'s $13.3 trillion despite trailing in market capitalization.
<h2 id="what-happened-record-volume-growth">What Happened: Record Volume Growth</h2>
According to data compiled by Artemis Analytics Inc. and <a href="https://www.bloomberg.com/news/articles/2026-01-08/stablecoin-transactions-rose-to-record-33-trillion-led-by-usdc" rel="noopener noreferrer nofollow">cited</a> by Bloomberg, total stablecoin transaction volumes jumped 72% year-over-year in 2025, driven by institutional adoption following passage of the <a href="https://yellow.com/research/genius-act-explained-us-legislation-on-stablecoins-and-its-impact-on-crypto" rel="noopener noreferrer nofollow">Genius Act</a> in July under President Donald Trump's administration.
Circle Internet Group Inc.'s <a href="https://yellow.com/asset/usdc" rel="noopener noreferrer nofollow">USDC</a> accounted for $18.3 trillion in transactions while Tether Holdings SA's <a href="https://yellow.com/asset/usdt" rel="noopener noreferrer nofollow">USDT</a> recorded $13.3 trillion.
The Genius Act established legal standards for stablecoins, spurring Standard Chartered, Walmart and Amazon to explore launches.
World Liberty Financial Inc., a Trump family crypto venture, launched <a href="https://yellow.com/news/trump-family-launches-usd1-stablecoin-with-bitgo-backed-by-us-treasuries" rel="noopener noreferrer nofollow">stablecoin USD1</a> in Mar.
Also Read: <a href="https://yellow.com/news/solana-spot-etfs-break-record-with-dollar220m-trading-volume-jump" rel="noopener noreferrer nofollow">Solana Spot ETFs Break Record With $220M Trading Volume Jump</a>
<h2 id="why-it-matters-regulatory-clarity">Why It Matters: Regulatory Clarity</h2>
USDT maintains a $187 billion market cap compared to USDC's $75 billion.
However, USDC dominates decentralized finance platforms where frequent trading creates higher transaction velocity, said Anthony Yim, co-founder of Artemis.
The shift toward regulated stablecoins signals adoption of digital dollars "especially in an increasingly unstable geopolitical landscape," Yim said.
Dante Disparte, chief strategy officer at Circle, attributed USDC's transaction dominance to "the deepest liquidity and the highest levels of regulatory trust in the world."
Bloomberg Intelligence projects <a href="https://yellow.com/research/the-quiet-monetization-of-stablecoins-how-us-debt-became-cryptos-real-collateral" rel="noopener noreferrer nofollow">stablecoin payment flows</a> could reach $56 trillion by 2030. Fourth-quarter 2025 volumes hit a record $11 trillion, up from $8.8 trillion in the third quarter, according to Artemis data.
Read Next: <a href="https://yellow.com/news/jpmorgan-acquires-apple-card-with-dollar22b-credit-loss-provision-as-goldman-exits-consumer-banking" rel="noopener noreferrer nofollow">JPMorgan Acquires Apple Card With $2.2B Credit Loss Provision As Goldman Exits Consumer Banking</a>

USDC Processes $18.3T In Transactions, Overtakes USDT Despite Smaller Market Cap

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