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Global Stablecoin Market Surpasses $300 Billion, Dominated by Tether

10/4/2025

47 7 Full Breakdown

Summary

Story summary

As of October 2025, the global stablecoin market cap has surpassed $300 billion.
Stablecoins account for about 11% of all U.S. cash in circulation.
Tether's USD-backed stablecoin USDT remains dominant, accounting for about 58.44% of the market cap.
New euro and local currency-pegged stablecoins are being introduced, though USD-backed tokens still dominate. There are 27 million active addresses transacting stablecoins.

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Story summary

As of October 2025, the global stablecoin market cap has surpassed $300 billion.
Stablecoins account for about 11% of all U.S. cash in circulation.
Tether's USD-backed stablecoin USDT remains dominant, accounting for about 58.44% of the market cap.
New euro and local currency-pegged stablecoins are being introduced, though USD-backed tokens still dominate. There are 27 million active addresses transacting stablecoins.