Stablecoin market cap hits record $294.7B as USDT nears $173B

On-chain data shows that the total stablecoin market cap hit a new all-time high of $294.76 ￰0￱ also revealed that stablecoins saw a 1.46% increase in volume in the last seven days, worth $.256 billion. Tether’s USDT continues to dominate the market, having around $173 billion in market capitalization and accounting for roughly 59% of the entire sector. Circle’s USDC followed with a roughly $73.6 billion market cap, and USDe has around $14.432 billion market ￰1￱ leads in stablecoin dominance Tether is evaluating a raise from a selected group of high-profile key investors, to maximize the scale of the Company's strategy across all existing and new business lines (stablecoins, distribution ubiquity, AI, commodity trading, energy, communications, media) by several… — Paolo Ardoino 🤖 (@paoloardoino) September 24, 2025 On Tuesday, Tether’s CEO Paolo Ardoino said that the company plans to raise funds to maximize its scale by several orders of ￰2￱ initiative comes as a flurry of countries are looking to launch stablecoins based on their local currencies, not ￰3￱ reported that the USDT issuer was in talks with investors about the possibility of raising between $15-$20 billion in a private ￰4￱ report also revealed that Tether seeks to offer up to 3% of the company to ￰5￱ the final raised amount potentially becoming lower, the initiative would value Tether at ~$500 ￰6￱ sought new equity instead of existing investors selling any of their ￰7￱ to the report, Wall Street financial services firm Cantor Fitzgerald will advise the company on the ￰8￱ USDT issuer also granted potential investors access to a data room to kick Tether’s financial tires beyond the limited information they provide to the ￰9￱ tweeted that the firm is evaluating a raise from investors to maximize the scale of the company’s strategy across all existing business ￰10￱ initiative shows the rising significance of stablecoins, which stems from the friendlier political and regulatory environment in the ￰11￱ the Trump ￰12￱ announced on September 22 that PayPal’s venture capital arm, PayPal Ventures, had made an investment in the Layer-1 network to advance its role in stablecoin ￰13￱ firm, which is backed by the Bitfinex digital asset exchange, said PYUSD will be available on the Stablechain as part of the ￰14￱ revealed that it launched the investment, aiming to increase the reach of ￰15￱ company uses a version of USDT called USDT0 based on LayerZero’s Omnichain Fungible Token (OTF) ￰16￱ also introduced a new version of PYUSD called PYUSD0 that aims to expand PYUSD’s ￰17￱ stablecoin legislation The White House established the GENIUS Act into law in July, which allowed the issuance and trading of stablecoins in the ￰18￱ initiative reassured traditional financial institutions and encouraged deeper participation in the stablecoin ￰19￱ Donald Trump pledged to bring back American liberty and leadership and make the ￰20￱ crypto capital of the ￰21￱ were waiting to move forward with stablecoin-related projects until the sector received the blessings of the U.

S. government. However, stablecoin adoption is still expected to surge once the ￰22￱ its rules on how to implement the legislation. “Stablecoins are a turning ￰23￱ passage of the GENIUS Act by the ￰24￱ signals a new era of regulatory clarity and confidence in digital assets.” – Jesse McWaters , Head of Global Policy at ￰25￱ has also pushed its regulatory agenda with the adoption of the MiCA ￰26￱ regulation is designed to standardize crypto asset rules across the 27-nation ￰27￱ week, the Bank of Italy acknowledged the need for clarity on cross-border ￰28￱ financial institution maintained that international oversight in the sector is becoming increasingly urgent.

Trump’s family has also contributed to the stablecoin momentum through the World Liberty Financial (WLFI). The Trump family-backed firm introduced the USD1 stablecoin in March, which is backed by the U. S. Treasuries, cash reserves, and audited ￰29￱ stablecoin has also raised concerns over political conflicts of interest, including the Trump family’s ownership stake and the administration’s crypto-friendly ￰30￱ you're reading this, you’re already ￰31￱ there with our newsletter .