Stablecoins trump Visa: Strong $46 trillion transactions!
Stablecoins will reach a transaction volume of $46 trillion in 2025. Find out more about trends and user numbers in the crypto market.

Stablecoins trump Visa: Strong $46 trillion transactions!
Stablecoins have enjoyed a remarkable rise, surpassing Visa's annual volumes by nearly three times in 2025, with a total of $46 trillion in on-chain transactions. These figures, in a recent report by crypto.news published show the increasing importance and acceptance of digital currencies in the financial ecosystem.
In September 2025, the monthly adjusted volume for stablecoins reached $1.25 trillion, indicating significant growth. Total stablecoin supply exceeded $300 billion, with the two biggest players, Tether (USDT) and USDC, together accounting for 87% of all tokens. This not only illustrates the dominance of these currencies, but also the increasing trust of users in these digital assets.
Transaction volume and blockchain technology
A staggering 64% of stablecoin transaction volume was processed on the Ethereum and Tron blockchains. Total on-chain activity is so high that even if you exclude unnatural activity, the $46 trillion metric is still well above PayPal's annual transaction rate. This represents an impressive technical evolution.
In addition, more than 1% of all US dollar bills now exist as tokenized stablecoins on public blockchains. This not only impacts payments, but also the way investors and institutions manage finances and invest in digital assets.
Global financial landscape and user numbers
Stablecoin issuers have also established themselves as a significant factor in the market, ranking 17th globally in holdings of U.S. government debt, with over $150 billion in treasury holdings. This indicates growing confidence among institutional investors investing in stablecoins.
The number of monthly active crypto users has now increased to between 40 and 70 million, an increase of around 10 million users in the past year. This shows that the crypto community is constantly growing and more people are interested in and using digital currencies.
The technology behind blockchains has also evolved; the networks now process over 3,400 transactions per second, representing a more than 100-fold increase compared to five years ago. This supports the high demand and volume of stablecoin transactions and signals the future of digital payments.