CoinVoice latest report, citing data from Artemis Analytics, indicates that global stablecoin trading volume surged by 72% year-on-year in 2025, reaching a record high of $33 trillion, significantly expanding amid a favorable crypto policy environment.

Among them, USDC issued by Circle recorded a trading volume of $18.3 trillion, ranking first; USDT issued by Tether reached $13.3 trillion, also maintaining a high level. Together, the two account for the vast majority of stablecoin trading activities.

The report notes that after the Trump administration signaled a more friendly crypto policy, the use of stablecoins has significantly increased in payments, transaction settlements, and cross-border fund flows, becoming one of the core infrastructures in the crypto market. Analysts believe the explosive growth in stablecoin trading volume underscores their rising importance in the global financial system and brings heightened attention to future regulation and policy directions. [Original link]