Stablecoin Transaction Volume Reaches $33 Trillion Annually, Institutions Accelerate Digital Finance Deployment

In 2025, the global total transaction volume of stablecoins surpassed $33 trillion, nearly twice the annual payment volume of Visa worldwide, marking a shift of digital assets from the periphery to the core of the mainstream financial system. This growth is not accidental but the result of the continuous evolution of institutional-grade infrastructure. Ripple Labs began building the underlying architecture to support large-scale stablecoin applications years ago and launched RLUSD, a stablecoin fully backed by U.S. dollar reserves, specifically designed to meet the stringent requirements of financial institutions in terms of compliance, security, and efficiency.

At the same time, the adoption rate of stablecoins has accelerated significantly. Throughout 2025, the transaction volume on stablecoin networks increased by 72% year-on-year, and the number of active users jumped by 146% in 106 countries, covering a wide range of regions from developed economies to emerging markets. This indicates that the demand for rapid settlement, U.S. dollar liquidity, and cross-border fund allocation is continuing to rise.

Currently, the total market capitalization of stablecoins has stabilized at the $320 billion level, and application scenarios have expanded from cross-border payments and foreign exchange arbitrage to corporate treasury management, salary disbursement, and idle fund allocation. An increasing number of corporate finance teams are beginning to hold short-term liquidity in the form of stablecoins, enabling millisecond-level cross-border transfers, significantly reducing exchange costs and settlement delays. This trend clearly shows that stablecoins are no longer limited to speculative tools but have become an indispensable component of the global financial infrastructure.