In Q3 2025, the stablecoin sector saw a capitalization increase of $45.6 billion. Against this backdrop, the total market value of stablecoins exceeded $300 billion for the first time.
The growth rate of the stablecoin sector’s capitalization in Q3 2025 rose by 324% compared to the previous period, reaching $45.6 billion versus $10.8 billion. This data comes from RWA.xyz. The largest capital inflow went to USDT, totaling $19.6 billion, followed by USDC and USDE with $12.3 billion and $9 billion, respectively.
Other stablecoins that saw capitalization growth in Q3 include:
- PYUSD — $1.4 billion;
- USDS — $1.3 billion;
- USDG — $399 million;
- RLUSD — $334 million, among others.
As a result, the total stablecoin market capitalization surpassed $300 billion for the first time, according to CoinGecko. USDT remains the largest stablecoin by market cap, exceeding $174 billion, followed by USDC at $73.5 billion.
According to Defi Llama, Tether continues to dominate the stablecoin market with a 59% share, while its closest competitor, Circle, holds around 25%. Ethereum remains the most popular blockchain for issuing stablecoins, accounting for $171 billion of the total sector cap, followed by TRON with $76 billion. Stablecoins issued on Solana, Arbitrum, and BNB Chain together total approximately $29.7 billion.
Despite the growth in market capitalization and net inflows, RWA.xyz data show a decline in other metrics. In August, the number of active addresses was around 26 million, down 22.6% compared to the previous month. Additionally, transaction volume amounted to $3.017 trillion, 11% lower than in the previous month.
The stablecoin sector recently saw a large number of initiatives. Staying updated on the major developments is possible via a special tag, which labels all related content on CoinsPaid Media.
