The Year in Stablecoins 2025: Record Growth as GENIUS Act Opens the Floodgates

Stablecoins just had their biggest year on record. The total stablecoin market capitalization has grown by 49% in 2025, going from $205 billion in January to $306 billion at the end of November, according to data on crypto analytics platform DeFi Llama. The ballooning of the stablecoin category has been driven by very strong catalysts. In the past 12 months, stablecoin issuers have gained a U.S. regulatory framework, further clarity and rollout of MiCA in the European market, and the embrace of them by i ...