Stablecoin issuance exceeds Visa transaction volume at record high
The rise of stablecoins is reshaping the global financial landscape, and China Asset Management CEO Gan Tian highlighted the rapid growth of stablecoins, noting that the transaction volume of stablecoins has exceeded Visa's 40-year transaction volume in just five years. This highlights the shift in the use of currency.
The rise of stablecoins marks a major shock to the traditional financial system. Industry leaders predict that by 2025, global stablecoin issuance will reach $235 billion, and settlement models will undergo a dramatic change. The current momentum heralds a profound shift in the way transactions are conducted.
Stablecoins surpass Visa: A five-year milestone
According to Gan Tian’s announcement, the issuance of stablecoins is expected to exceed $235 billion by May 2025. This surge reflects the increasing reliance on digital currencies for global transactions . The rapid growth in issuance indicates that people’s reliance on traditional financial mechanisms is declining.
Stablecoin transaction volume has surpassed Visa's 40-year transaction volume in just five years, and major changes are expected. This rapid growth shows that stablecoins now occupy a vital position in both the cryptocurrency and traditional financial markets , indicating that digital currencies are converging on a large scale. Market experts and leaders in the financial field have recognized the transformative potential of stablecoins. Among them, Xiao Feng, Vice Chairman of Wanxiang Holdings, believes that these digital assets are a major evolution of currency, laying the foundation for widespread acceptance.
"Stablecoins represent a new stage in the development of money, which can be called 'tokenized money'. Based on distributed ledger technology, stablecoins enable peer-to-peer transactions without the need for intermediaries to unify information... The emergence of stablecoins also marks the emergence of the digital twin trend, which involves introducing real assets into the blockchain for tokenization." -
Xiao Feng, Vice Chairman of Wanxiang Holdings
Historical background, price data and expert analysis
Did you know that in just five years, stablecoin transaction volume has tripled that of traditional payment systems, once again demonstrating their usefulness and adaptability in the evolving financial ecosystem?
According to CoinMarketCap data, Tether USDt (USDT) is priced at $1.00, with a market capitalization of approximately $157.61 billion, accounting for 4.73%. Its recent trading volume reached $51.69 billion, and its 24-hour price fluctuation was slightly negative. These data show that USDT plays an important role as a stablecoin leader in the digital currency market .
Tether USDt (USDT), daily chart, screenshot from CoinMarketCap at 04:49 UTC on June 30, 2025. Source: CoinMarketCap Source: CoinMarketCap
Insights from the Coincu research team suggest that the growing use of stablecoins could accelerate the process of financial digitization. Regulatory frameworks are evolving to accommodate the expanding stablecoin market, driving its further integration into traditional financial infrastructure. These platforms could drive innovation in cross-border transactions.
