Key notes
- Stable payment flows could reach $56.6 trillion by 2030.
- The global value of stablecoin transactions reached $33 trillion in 2025.
- USDC dominated the trading volume with $18.3 trillion, but USDT dominated the market.
Stablecoin payment flows could reach $56.6 trillion by 2030, according to new estimates from Bloomberg Intelligence. Blockchain-backed tokens are apparently poised to become one of the largest payment channels in global finance.
According to a Bloomberg report, total flows reached $2.9 trillion in 2025, indicating a compound annual growth of around 80% if the projection is realized.
Stablecoin activity on the rise
Bloomberg data shows that the global value of stablecoin transactions jumped to $33 trillion in 2025, an increase of 72% year-on-year. Activity continued to accelerate in the fourth quarter, with $11 trillion processed in the fourth quarter alone, up from $8.8 trillion in the third quarter, based on figures compiled by Artemis Analytics.
Growth of stable payments by 2030 | Source: Bloomberg
Growth is driven less by speculative trading and more by real-world usage, particularly in cross-border payments, trade settlements and savings in inflation-hit economies.
USDC leads in trading volume
Circle’s USDC was the most widely used stablecoin in terms of transaction flow in 2025, processing $18.3 trillion, compared to Tether’s USDT of $13.3 trillion. Together, the two assets accounted for over 95% of total stablecoin volume last year.
Despite USDC’s dominant position in trading activity, USDT remains dominant in valuation, with a market capitalization of $186.9 billion, more than double USDC’s $74.9 billion.
Bloomberg noted that USDT is still preferred for everyday payments, commercial transactions and as a store of value, while USDC remains the stablecoin of choice on decentralized finance platforms.
Artemis co-founder Anthony Yim told the outlet that the growing demand for exposure to the US dollar in emerging markets is one of the main driving factors behind the growth of the stablecoin. Inflation, capital controls and geopolitical instability have also contributed.
Banks and governments join the stablecoin race
Traditional finance no longer observes from the sidelines. Barclays has taken a stake in Ubyx, a US financial technology company that is building clearing infrastructure for stablecoins. This was Barclays’ first direct exposure to stablecoin technology, focusing on how stablecoins function as digital cash equivalents for bank deposits.
At the government level, Wyoming launched the Frontier Stable Token (FRNT), the first fiat-backed stablecoin issued by a US state. Backed by US dollars and short-term Treasury bills, the FRNT will return interest earned on reserves to the state, thereby financing public services while reducing transaction costs.
On the other hand, JPMorgan announced plans to natively integrate its bank-issued deposit token, JPM Coin, with the Canton Network, a privacy-friendly public blockchain already selected by the DTCC for tokenization of traditional transactions. financial instruments.
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A crypto journalist with over 5 years of industry experience, Parth has worked with leading media outlets in the crypto and finance world, gaining experience and expertise in the field after surviving both bear and bull markets over the years. Parth is also the author of 4 self-published books.
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