Since the beginning of 2025, companies operating in the stablecoin segment have attracted investments totaling $621.8 million, which is seven times more than the result for the whole of 2024 ($84 million), according to data from Defi Llama.
The largest round was financed by Hong Kong-based OSL Group, which received $300 million in July for international expansion.
“There is a real buzz around stablecoins right now, and this hype is entirely justified,” said Anna Shtebl, CEO of the Confirmo payment platform.
Experts attribute the growing interest to breakthroughs in the regulatory sphere. The decisive factor was the passage of the GENIUS Act in the US, which, according to MNEE CEO Ron Tarter, gave “the green light to corporate America, legalizing the industry.”
Against this backdrop, the market capitalization of stablecoins exceeded a record $297 billion. Coinbase predicts that by 2028, the figure will reach $1 trillion.
Another indicator was the IPO of issuer Circle in June: the company raised $1 billion, and its shares are now trading at $144, according to Yahoo Finance. Taking into account the financing of Circle and Figure Technologies, which Defi Llama attributes to the CeFi and RWA sectors, the total amount of funds raised exceeded $2.4 billion.
Market leaders Circle and Tether are facing increasing pressure. Fintech giant Stripe and major Wall Street players have announced their own “stablecoins.” Societe Generale’s crypto division (SG-FORGE) introduced the USDCV token, and JPMorgan confirmed the launch of the JPMD coin on the Base blockchain. According to the WSJ, Bank of America, Wells Fargo, and Citigroup are also considering creating their own digital assets.
“Institutional investors see stablecoins as the building blocks of digital finance,” said Zerion co-founder Evgeny Yurtaev.
In August, a number of banking associations criticized the GENIUS Act, saying it gives crypto companies an unfair advantage, particularly through the ability to pay interest to stablecoin holders. Banking lobbyists estimate that this could cause an outflow of more than $6 trillion in deposits.
Coinbase called these concerns a “myth.” The company’s policy director, Faryar Shiraz, noted that banks are trying to preserve their profits from transaction fees, which bring in about $187 billion annually.
Earlier, Standard Chartered analysts reported that the bank’s customers are increasingly preferring stablecoins over Bitcoin.
