# Coinbase says stablecoins settled $33T in 2025, eclipsing Visa’s $16.7T.

*fintech · news · 2026-04-27 · Crypto News*

## Key points

- In 2025, global stablecoin settlements totaled $33 trillion, surpassing Visa's $16.7 trillion volume.
- Circle's USDC accounted for $18.3 trillion, while Tether's USDT managed $13.3 trillion of stablecoin volume.
- Chainalysis estimates stablecoin 'real economic volume' reached $28 trillion in 2025, nearing traditional payment rails.
- Analysts project stablecoin payments could match Visa and Mastercard's off-chain volume as soon as 2031.

**Companies:** Circle, Tether

[Read the full story on Crypto News](https://crypto.news/stablecoins-quietly-out-settle-visa-as-coinbase-crowns-them-the-internets-real-money/)

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