Key takeaways
The stablecoin market has grown by $76 billion since late 2024, following Trump’s election and the GENIUS Act. USDT and USDC now play a central function in fueling liquidity and market exercise, with firms like Circle main the cost.
The stablecoin market has swelled by $76 billion since late 2024, bringing recent liquidity to crypto. Powered by new laws and large company strikes, Tether [USDT] and Circle [USDC] are making approach for the market’s subsequent progress run.
Publish-election momentum and regulatory readability
Since Donald Trump’s November 2024 election win, the mixed market cap of USDT and USDC has risen by $76 billion, in keeping with Matrixport.
Tether’s USDT climbed from $120 billion to $165 billion, whereas Circle’s USDC jumped from $34 billion to $65 billion. This progress in simply two stablecoins proves confidence of their increasing function as a key liquidity driver for crypto.
Momentum accelerated after Trump signed the GENIUS Act on 18 July 2025 – The primary U.S regulation for fee stablecoins. By setting clear guidelines for issuance and reserves, it has paved the best way for mainstream adoption.
Main monetary corporations at the moment are getting ready to launch USD-backed tokens to faucet the fast-growing marketplace for funds, settlements, and cross-border finance.
Massive strikes, greater implications
Circle has been fast to trip the stablecoin wave. Its June IPO raised $1.2 billion at $31 per share. And, regardless of a $482 million internet loss from IPO-related costs, its inventory has since surged to round $163.
The corporate’s income and reserve incomes jumped by 53% year-on-year to $658 million. In truth, it plans to launch the Arc Layer 1 blockchain later this yr to increase stablecoin use in funds, markets, and FX.
Tether, in the meantime, is protecting its playing cards shut, with no plans to go public.
This inflow of capital might gas larger buying and selling exercise and elevate asset costs, positioning stablecoins as a central power within the subsequent market cycle. With laws in place and company methods unfolding, their affect on crypto’s progress trajectory is just set to extend additional.