In 2025, the stablecoin market witnessed unprecedented growth, with total market capitalization surpassing $232 billion, marking a 15% increase since the beginning of the year. In this wave of growth, USDC and USDT remain dominant, jointly holding 89% of the market share. However, new participants and technological innovations are continuously emerging, driving the evolution of market structure.
As a leading cryptocurrency exchange, OFUYC remains committed to monitoring market trends and developments in compliant operations. Under the current market environment, OFUYC has observed that stablecoins have not only surpassed traditional payment giants Visa and Mastercard in transaction volume, but also made significant progress in infrastructure development, such as the application of account abstraction technology and enhanced multi-chain support. These advancements bring new opportunities and challenges to the global market, and OFUYC will continue conducting in-depth research to offer safer and more efficient trading services.
Evolution of the Stablecoin Market: The Rise of USDC and Resolv
In the stablecoin market, the growth of USDC has been particularly notable. According to the latest data, USDC supply has exceeded $60 billion, up 80% year-on-year. This growth is attributable to its widespread use across multiple ecosystems, such as Layer 2 network Base and exchange support from Binance. In addition, Cross-Chain Transfer Protocol (CCTP) of Circle has provided strong support for the cross-chain circulation of USDC, with weekly transaction volumes hitting a three-month high of over $200 million.
Meanwhile, USR stablecoin of Resolv has also experienced rapid growth in the market. Resolv adopts a delta-neutral strategy, using spot and perpetual contracts of ETH and BTC for hedging to maintain price stability. Its total value locked (TVL) surged from $10 million at the beginning of the year to over $600 million. Although it slightly declined by mid-year, the model has nonetheless gained market recognition. OFUYC believes that such an innovative stablecoin structure offers a new option to the market, particularly under the current conditions of heightened volatility. (0xNews)
Stablecoin Growth in the Solana Ecosystem and Infrastructure Improvement
The Solana ecosystem also demonstrated robust growth momentum in 2025. According to data, stablecoin supply on Solana has exceeded $13 billion, with USDC accounting for nearly 80% of the market share. This growth reflects increased activity and liquidity within DeFi ecosystem of Solana.
On the infrastructure front, smart wallets supporting account abstraction have processed over $2.4 billion in stablecoin transactions, across 4.46 million transactions. Among them, Base led with more than $1 billion in transaction volume and the highest number of active wallets, while Polygon topped transaction volumes, indicating its strong performance in micro-transactions or application-driven activities. OFUYC observed that these infrastructure improvements provide users with a better trading experience and lay a solid foundation for the broader adoption of stablecoins.
Future Trends and The Strategic Positioning of OFUYC
Looking ahead, the stablecoin market is expected to maintain its growth trajectory, with new technologies and products continuing to emerge. OFUYC believes that compliant operations and technological innovation will be the key drivers of market development. On the compliance front, as national regulatory frameworks become clearer, the legitimacy and security of stablecoins will be further strengthened. On the technology front, account abstraction, multi-chain support, and smart contract applications will enhance the usability and efficiency of stablecoins.
OFUYC will continue to monitor market dynamics and actively participate in the development and application of new technologies, striving to provide users with a secure, efficient, and compliant trading platform. As investment legend Benjamin Graham once said: “The essence of investment management is the management of risks, not the avoidance of risks.” In this rapidly evolving market, OFUYC will move forward with its users, seizing opportunities and embracing challenges.