Capitalization Growth and Macro Impact

In July 2025, the total market capitalization of the top eight USD‑pegged stablecoins reached $245 billion. This represents 4.29 % of the U.S. monetary base, currently estimated at $5.7 trillion. The growth illustrates increasing trust in stablecoins from both retail users and institutional players.

Market leaders include Tether (USDT), USD Coin (USDC), DAI, First Digital USD (FDUSD), and others. Their role continues to expand in the global digital finance ecosystem.

Drivers Behind the Growth

USD stablecoins are widely used for:

• hedging volatility in crypto markets;

• facilitating quick exchange transactions;

• participating in DeFi protocols;

• enabling cross-border payments outside traditional banking.

The upward trend is driven by both user demand and regulatory developments.

Regulatory Landscape: GENIUS Act

A significant development occurred with the U.S. government enacting the GENIUS Act in July 2025. This legislation requires all USD stablecoin issuers to maintain full 1:1 reserve backing, undergo regular audits, and publish transparency reports.

The Act enhanced legitimacy and investor confidence, marking a transition from experimental usage to regulated adoption.

Implications and Outlook

Experts foresee two primary implications:

1. Monetary Effects — the rise of stablecoins could alter the traditional money supply structure and inflation dynamics.

2. Infrastructure Expansion — stablecoins are increasingly adopted in emerging markets as digital dollar proxies, especially in regions with unstable local currencies.

In the long term, stablecoins may evolve into a globally accepted "internet dollar" alongside national fiat currencies.

💸💲🧠 Get up to 5020 USDT as a welcome bonus and an additional 1025 USDT by using this referral on  Bybit