2026-01-09 02:27:06

I recently came across some astonishing data — by 2025, the global stablecoin trading volume is expected to surge by 72% year-over-year, reaching a staggering $33 trillion. What does this number reflect? Stablecoins are becoming a true financial infrastructure.

Specifically, the dominance of USDC and USDT has become difficult to challenge. Circle's USDC has a trading volume of $18.3 trillion, holding the top spot; Tether's USDT follows closely behind with a trading volume of $13.3 trillion. Together, these two coins account for the vast majority of stablecoin trading activity, leaving less room for other players.

Why is there such significant growth? The key lies in the shift in policy environment. The current government signals that are friendly to crypto are indeed making an impact, with stablecoins being used more and more in payment settlement and cross-border fund flows. Not only in trading markets, but real financial application scenarios are also expanding. This means stablecoins have evolved from mere trading tools into a true value transfer infrastructure, with enormous potential for the future.

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ForkTrooper

· 01-11 13:49

33 trillion? Wow, USDT and USDC, these two giants, are really monopolizing the market without limits. As soon as policies loosen up, it's so intense. Stablecoins are unstoppable, they've truly become infrastructure. 33 trillion is really unsustainable, this is the final straw. The two major players are well-fed, and others really have no way out. The ecosystem is also quite uncomfortable this way. USDT is at least still the popularity king, very stable.

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MergeConflict

· 01-10 15:55

33 trillion is really outrageous; USDT and USDC have long monopolized the market, and other stablecoins basically have no chance.

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GasOptimizer

· 01-09 18:31

How is the figure of 33 trillion calculated? Is it trading volume or settlement amount? You need to distinguish clearly, otherwise the data itself has issues. What is the proportion of USDC+USDT again? I need to pull up an Excel to calculate the fee rate model...

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StableNomad

· 01-09 02:55

33 trillion? ngl that's giving UST vibes before the collapse... statistically speaking the concentration risk on USDC/USDT is absolutely insane tho, not financial advice but reminds me why i don't sleep well during bull runs

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ContractTearjerker

· 01-09 02:54

33 trillion? USDT and USDC are really close to monopolizing the market, how can other stablecoins survive...

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BlockImposter

· 01-09 02:53

A 72% increase is indeed outrageous, but it's crazy that the two giants, USDC and USDT, are taking up the vast majority. With friendly policies and real-world application scenarios, stablecoins are transforming from speculative tools into infrastructure. This shift is happening pretty quickly. Other stablecoins really have no future; centralization is too strong.

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RektRecorder

· 01-09 02:49

33 trillion? After USDT and USDC finish their meal, only two dishes are left. Other stablecoins really have no future.

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AirdropHunterKing

· 01-09 02:34

3.3 trillion? Two giants dominating? Playing monopoly here, other stablecoin projects indeed have no way out, and the opportunities for free airdrops are also becoming fewer and fewer. USDC and USDT have built such a large market, once policies loosen, it will be all their dividends. The real application scenarios are indeed emerging, but for retail investors like us, the opportunity to grab some benefits is becoming increasingly rare. This is the reality. Once infrastructure-level things are established, they are hard to shake unless there is a revolutionary technological breakthrough. Otherwise, competing with them is like offering vegetables. Government-friendly signals are just signals; the beneficiaries are still the big players who are already established. For new projects, the difficulty of gaining a share has increased exponentially. The data looks good, but for us "profit hunters," the window for new airdrop opportunities is indeed shrinking, and we need to be more cautious.

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JustAnotherWallet

· 01-09 02:34

33 trillion? Wow, USDT and USDC really outshine other stablecoins by a lot. USDT, the old fox, is still stable, but USDC has been quite aggressive lately. Policy shifts are truly a game-changer; stablecoins are definitely essential for cross-border payments. Would centralized stablecoins be too risky? It's better to have more competitors to feel secure. What about the recent Tether controversies? Do people still trust them? The figure of 33 trillion definitely warrants a question mark; actual trading volume needs to be examined carefully.

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