Global Stablecoin Market Surpasses $294 Billion: Record Levels Recorded in 2025

Stablecoins have hit a new yearly high, reaching a staggering $294.3 billion in October. This surge marks the highest level recorded for the year, according to data from Token Terminal cited by Bitcoin.com News. The growth signals accelerating liquidity within the crypto market, fueled by robust issuance from major stablecoin issuers like Tether (USDT), Circle (USDC), and Ethena (USDe). Tether continues to dominate the scene as the leading issuer, accounting for roughly two-thirds of total circulating supply.