Stablecoin Market Cap Surpasses $300B Milestone For First Time

TheCryptoTimesPublished on 2025-10-03Last updated on 2025-10-03

While the crypto market is seeing renewed interest, the stablecoin market cap has achieved a major milestone of surpassing $300 billion in market capitalization. The number marks an all-time high for the sector, which is growing tremendously after the GENIUS Act in the U.S. was passed in July this year. 

According to data by DeFiLlama, the total value of all stablecoins now sits at $301 billion. This is a 1.84% increase from last week and a 6.5% increase from the last 30 days. 

Tether’s USDT has the crown to itself, with it having a dominant market share of 58% and a capitalization of $176.3 billion. Circle’s USDC, which has a 24.5% market share, comes in second with $74 billion. Following USDC is Ethena’s USDe with a capitalization of $14.8 billion and MakerDAO’s DAI with $5.0 billion capitalization at fourth position, respectively. 

The rising emergence of stablecoins 

There has been a surge in stablecoins over the past few months. A September research report by Citi Group forecasted that the global stablecoin market could be worth $4 trillion by 2030 in a best-case scenario and $1.9 trillion in a base case. 

According to Citi, stablecoins could handle up to $100 trillion in transactions each year. Its report says that this is a huge amount, but it’s still not as substantial as the trillions of dollars in transactions that the world’s biggest banks handle on a daily basis. The bank also warned investors that payments between countries take longer because many countries already have fast and cheap ways to pay each other. 

Also Read: Coinbase Re-Enters India with Early Access Amid Regulatory Shifts


Mobile Only Image

Related Reads

Ethereum Foundation Researcher: Quantum Day Is Approaching, Plans to Complete Quantum-Resistant Migration by 2029

Ethereum Foundation researcher Justin Drake discusses the implications of a recent quantum computing breakthrough by Google’s quantum AI team, which demonstrated a 10x efficiency improvement in Shor’s algorithm against the secp256k1 elliptic curve used in Bitcoin and Ethereum. Notably, Google kept key algorithmic details confidential, using zero-knowledge proofs to verify the result without disclosure—a first in academia. Shortly after, the core optimization was independently reproduced, and an open-source competition (ecdsa.fail) emerged, further improving the algorithm by 8.4%. Meanwhile, startup Oratomic published research suggesting that neutral-atom quantum architectures could break secp256k1 with only 10,000 physical qubits, accelerating the timeline for "Q-Day"—the day quantum computers can break widely used cryptography. Drake estimates a 50% probability of Q-Day by 2032 and a 10% chance by 2030, contrasting with the U.S. government’s more conservative 2035 forecast. He warns against panic but stresses timely migration to post-quantum cryptography. Ethereum plans to complete its migration by 2029, covering consensus, data, and execution layers with hash-based systems. The Foundation is also developing leanVM, a formally verifiable zkVM, and has launched two $1 million initiatives to advance SNARK-friendly cryptography.

foresightnews_api3m ago

Ethereum Foundation Researcher: Quantum Day Is Approaching, Plans to Complete Quantum-Resistant Migration by 2029

foresightnews_api3m ago

UBS: The Crowdedness of A-Share Tech Stocks Is Far From Reaching Historical Peaks

UBS: A-share tech stocks still far from peak crowding levels A-shares' technology sector has seen a strong rebound, with trading activity hitting record highs, raising concerns about market crowding. However, UBS Securities argues that a key indicator of institutional positioning suggests the current crowding level remains well below historical peaks. While the large-cap tech sector's share of total A-share trading volume and market capitalization have reached historical highs, the overweight ratio of domestic mutual funds in this sector stood at 9.9% in Q1 2026. This is down from 11.6% in Q3 2025 and significantly lower than the historical peak of 14.1% in Q4 2015. It also pales in comparison to the historical peak overweight of 18.7% for the consumer sector. UBS notes that typical cycles from a low to a peak in fund overweighting last about three years, and the current outperformance of the tech/growth style has lasted less than two years since the policy pivot in September 2024. UBS expects A-share earnings recovery to accelerate, providing fundamental support. It forecasts 2026 A-share profit growth to rise to 11% from 3.9% in 2025. Non-financial A-share profits grew 11.8% YoY in Q1 2026, with gross and net profit margins at their highest since 2023. Persistent fund inflows, the expansion of thematic ETFs, and a recovery in private fund issuance are supporting market liquidity. In tactical allocation, UBS favors growth and cyclical styles under its "slow bull" base case, with overweight ratings on six sectors: Electronics (benefiting from semiconductor inventory recovery and AI innovation), Communications (driven by AI computing demand), Machinery (aided by domestic capex recovery), Non-ferrous Metals (due to rising copper/aluminum prices), Chemicals (supported by anti-involution policies), and Electrical Equipment (driven by policy support and AI data center power demand).

marsbit1h ago

UBS: The Crowdedness of A-Share Tech Stocks Is Far From Reaching Historical Peaks

marsbit1h ago

Trading

Spot
Futures
活动图片