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Stablecoin Market Cap Hits $200B Milestone, Could Double in 2025 as Adoption Accelerates

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Asset manager Bitwise sees the stablecoin market growing to $400 billion next year, with U.S. legislation, fintech adoption and global payments driving the growth.

The total market value of stablecoins crossed the $200 billion mark for the first time ever, CCData and DefiLlama show.

Stablecoins could double in market size to $400 billion next year, with the U.S. Congress passing legislation being a key catalyst, asset manager Bitwise said. Demand for stablecoins grew steadily through the past year as crypto markets emerged from a brutal bear market. The growth significantly accelerated following Donald Trump's election victory last month, adding $30 billion supply as investors poured funds into cryptocurrencies in a frenzy.

Circle's USDC, the second-largest in the asset class, also grew 9% to nearly $41 billion market value during the same period. Circle just recently teamed up with Binance, the world's largest crypto exchange by trading volume, to push USDC adoption globally.for increasing stablecoin usage for payments, remittances and savings, especially in developing countries with rapidly depreciating local currency and fragile financial systems.

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