The total market capitalization of Stablecoins has increased to nearly $ 240 billion, marking an important step as it approaches a new summit of all time.
According to Defillama data, more than $ 5 billion of new stablecoin supplies were issued in last week, which represents an increase of 2.18% over seven days and an increase of 2.62% in last month.
In particular, Tether (USDT) continues to dominate the market with a market share of 61.92%, followed by other major players, including USD Coin (USDC), Ethena Usde (USDE) and DAI (DAI).
Citigroup has published a report predicting the explosive growth in the Stablescoin market, saying that it could exceed 2 dollars by 2030 if favorable regulatory developments are continuing.
In its basic scenario, the bank expects Stablecoin’s offer to reach 1.6 Billion of dollars, while its optimistic projection puts this figure at 3.7 billions of dollars. However, the report also warns that without clearer regulations, the market could stall around $ 500 billion.
This growth is reinforced by an increase of 53% in annual sliding of active stable portfolios, which increased from 19.6 million in February 2024 to 30 million by February 2025.
In addition, the total stablecoin offer increased from $ 138 billion to $ 225 billion during the same period, which represents an increase of 63%.
With increasing adoption by institutions, integration into DEFI platforms and the use of global payments, stablecoins are now fundamental to the digital economy.
Even the governor of the federal reserve, Christopher Waller, recently recognized their importance, suggesting that the stablecoins supported in US dollars could help preserve the global domination of the dollar.
Mastercard and the race for traditional adoption
A key engine for the adoption of stablescoin was consumer integration, especially in the payments sector.
Mastercard recently unveiled its “360 degree” strategy for the acceptance of the stable reserve, allowing 150 million merchants to receive payments in digital dollars.
Combining the Nuvei and Stablecoin Payment Processor Emitters Circle and Paxos, Mastercard has clearly indicated that Stablecoins are not only a cryptographic novelty but a viable solution for transparent overall payments.
Their complete strategy includes portfolio support, card issuance, chain funds and merchants’ regulations in real time.
In tandem, Mastercard launched the OKX card with the OKX Exchange crypto, which has access to Stablecoin expenses.
Stripe, the payment giant, also prepares the launch of its own stablecoin USD, with a target to extend beyond the United States, the United Kingdom and Europe.
Meanwhile, legislative impulse in the United States creates fertile land for this growth. The Bipartite Engineering Act aims to establish a clear regulatory framework for Stablecoins, encouraging adoption among traditional financial institutions.
According to Standard Charted, this clarity could extend the Stablescoin market to $ 2 billions of dollars in just three years, with implications not only for the cryptocurrency sector but also for the demand of the US Treasury and the world domination of the dollar.
Geopolitical expansion: water and Russia enter the fray
While the West lays the basics of a regulated future stablecoin, other regions accelerate their digital currency strategies.
Abu Dhabi, in particular, emerges as a hub for Stablecoin’s innovation. Three main entities, ADQ, International Portfolio Company (IHC) and First Abu Dhabi Bank (FAB), recently united their forces to launch a stablecoin supported by Dirham on the ADI blockchain developed locally.
The initiative is supported by the central bank of the United Arab Emirates and is designed for a wide range of use cases, including daily retail transactions, as well as machine and AI machine payments.
Fab is expected to make stablecoin once it receives a regulatory authorization, and the ADI Foundation has praised the scalability and transparency of the blockchain.
Not far behind is Russia, where the idea of a stablecoin to support the ruble was a focal point during the recent blockchain forum in Moscow.
Sergey Mendeleev, founder of The Exved Exchange, proposed a list of seven criteria for what he called a “attachment replica”.
Among the controversial features suggested were transactions and transfers not found without knowing your customer checks (KYC), elements that would be in conflict with existing regulations.
While Mendeleev praised the DAI model over -ollated, he admitted skepticism as to the feasibility of such a product under the current Russian law.
In summary, the Stablescoin market extends and evolves through several dimensions. From Wall Street to Abu Dhabi and Moscow, the global financial sector is preparing to adopt.
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