🔘In July 2025, stablecoin transaction volume hit a record $1.5 trillion, continuing strong growth seen since the start of the year. This surge in activity coincided with a DeFi renaissance: total value locked (TVL) in decentralized finance rose to $137 billion, with Ethereum once again emerging as the sector’s main driver.
🔘USDC led in transaction volume, while USDT maintained dominance in market capitalization. The SEC’s recognition of stablecoins as “cash equivalents” has paved the way for institutional adoption. The rise of USDe and renewed DeFi interest confirm that stablecoins are no longer just an alternative — they are becoming a foundation of the new financial system.
