As of the second quarter of 2025, the number of stablecoin holders worldwide has increased to 161 million people. This figure exceeds the population of the ten largest megacities in the world and is nearly four times larger than the population of Canada.
This is reported by Finway
Growth of Stablecoin Transaction Volumes and Capitalization
In April 2025, the volume of transactions in stablecoins reached $717.1 billion, which is almost identical to the record figure of December 2024, when it was $719 billion. This amount approaches the transaction volumes of international payment systems, including Visa. Meanwhile, the total issuance of stablecoins in May 2025 reached $247 billion, which is about 10% of the U.S. dollar circulation. Specifically, the capitalization of the USDC stablecoin in April 2025 set a new record at $62 billion. The total reserves of Circle and Tether in U.S. government bonds exceeded similar figures of countries like Germany.
The use of stablecoins continues to grow due to their ability to optimize financial processes for businesses—reducing transaction costs, speeding up international payments, and providing access to financial services without the involvement of banking structures. According to a study, 58% of small and medium-sized business (SMB) representatives noted that regulated stablecoins helped reduce costs for international settlements, while 89% of respondents highlighted additional benefits of their use.
Explosive Growth of the RWA Sector and the Spread of Cryptocurrencies Among Businesses
The tokenization of real assets (RWA) sector is showing record growth: in April 2025, the volume of tokenized assets reached $21 billion, which is 245 times higher than last year’s result. The foundation of this sector consists of private credit (61%), followed by government bonds (30%) and commodity assets (7%). Key market players include platforms like Figure, BUIDL, and BENJI, which are attracting billions in investments.
At the same time, there is a significant increase in the adoption of cryptocurrencies among small businesses: the share of enterprises using digital assets rose from 17% in 2024 to 34% in 2025. Most (82%) small and medium-sized enterprises indicate that cryptocurrencies helped solve at least one financial problem, while 57% noted cost savings due to the use of digital assets.
“As Main Street goes, so goes the economy. However, a key barrier remains regulatory uncertainty: 72% of small businesses state that they would be more likely to use cryptocurrencies if the market had clear rules,” the report states.
Leaders of the world’s largest companies, including executives from Fortune 500 firms, also emphasize the need for clear regulation as an important factor for further industry development. In the U.S., 38 states are working on over 130 legislative initiatives regarding the digital asset market. On June 11, 2025, a vote will take place in the Senate regarding the stablecoin bill “Guiding and Establishing National Innovation for U.S. Stablecoins” (GENIUS Act), which aims to regulate this area.