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Coinbase says stablecoins settled $33T in 2025, eclipsing Visa’s $16.7T.
In 2025, global stablecoin settlements totaled $33 trillion, surpassing Visa's $16.7 trillion volume.
KEY POINTS
- 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.
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