Stablecoins Surge Past $300 Billion for the First Time Ever

Cointurk2025/10/03 12:51

By:İlayda Peker

In Brief The stablecoin market exceeded $300 billion, driven by market recovery and capital inflows. USDT leads with 58% market share, followed by USDC, USDe, and DAI. Regulatory clarity boosts stablecoins' scalability and infrastructural growth in various sectors.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Summarize the content using AI

Stablecoins Surge Past $300 Billion for the First Time Ever image 1

ChatGPT

Stablecoins Surge Past $300 Billion for the First Time Ever image 2

Grok

The total market value of stablecoins has, for the first time, surpassed the $300 billion mark. According to DeFiLlama, the total valuation has reached $301 billion, marking a 2% increase over the past week and a 6.5% rise over the past 30 days, as confirmed by data from October 3, 2025. This record reflects increased trading volumes and capital inflows, bolstered by the broader recovery in the cryptocurrency market, evidenced by double-digit gains in Bitcoin $120,482 and Ethereum $4,485 during the third quarter.

Market Leadership and Share Distribution of Stablecoins

Tether ’s USDT remains the market leader with a substantial valuation of $176.3 billion, holding roughly 58% of the market share. This solidifies its position, having recently surpassed the $173 billion threshold. Following USDT, Circle’s USDC ranks second with $74 billion, capturing a 24.5% market share. The top four is rounded out with Ethena’s USDe at $14.8 billion and DAI at $5 billion.

The growth in overall market value has clarified the dominance distribution, preserving the gap between USDT and USDC, while USDe gradually gains ground. DAI continues its path with a collateral-focused model, maintaining a smaller yet stable presence in fourth place. The steady market expansion, with weekly and monthly growth rates of 2% and 6.5% respectively, highlights gradual shifts in market share fueled by consistent demand.

Impact of Regulatory Framework on Market Interest

Approximately 20% growth in the third quarter was accelerated by increased clarity in regulatory frameworks. The adoption of the GENIUS Act in the United States has introduced clearer rules for dollar-pegged stablecoin issuers regarding reserves and regular reporting, paving the way for scalability. The establishment of transparent oversight and auditing standards enhances the capacity and infrastructure of custodial and intermediary entities.

Regulatory clarity is facilitating the acceptance of stablecoins across payment, trading, and DeFi layers. Institutional demand channels are expanding, while the compliance processes on the issuer’s side are fostering greater market fund inflows, driving acceleration.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

After the US October CPI exceeded expectations, Goldman Sachs and Nomura added a forecast for an interest rate hike in March next year, while Deutsche Bank included a forecast for a rate hike in January next year. Currently, the market has fully priced in a 25 basis point rate hike in December, with a 13% probability for a 50 basis point hike. On Wednesday, the US Treasury spot market was closed, but Treasury futures continued to fall, with corresponding yields rising by about 2 to 4 basis points, and spot gold came under pressure, dropping by 1.1%.

华尔街见闻•2026/11/11 21:18

Wall Street giants collectively raise rate hike forecasts, US Treasury futures continue to fall, gold drops over 1% to break 4000

No Need to Worry About the Cooling Down of AI Data Center Construction? The US Import Boom Is Unlikely to Subside in the Short Term, Real Impact May Come in 2029

It takes an average of 4.8 years from finalizing investment to starting construction of a data center project, and an additional 2.6 years from construction start to becoming operational. Servers usually cannot be installed until after the building structure and racks are completed. For trade partners such as Taiwan (China), South Korea, and Mexico who rely on US data center supply chain demand, the inertia in construction timelines provides at least a one- to two-year buffer for future exports.

华尔街见闻•2026/11/11 21:18

No Need to Worry About the Cooling Down of AI Data Center Construction? The US Import Boom Is Unlikely to Subside in the Short Term, Real Impact May Come in 2029

Federal Reserve Major Debate: When Should the Tenure of “Number Three” Williams End?

The main point of contention is whether Williams should step down in June 2028, upon completing a full 10-year term, or in June 2027, when he reaches the mandatory retirement age of 65. Analysts point out that the Federal Reserve Board holds ultimate discretion; if he leaves early, Fed Chair Waller would be able to assert greater control over the appointment to this critical position. However, forcing Williams to shorten his term could easily be interpreted as political manipulation. Williams himself is expected to serve until June 2028.

华尔街见闻•2026/11/11 21:18