In the first half of 2025, the global stablecoin market experienced an unprecedented wave of expansion. Latest data shows that the total market capitalization of stablecoins grew by 17% year-on-year, reaching a record $228 billion. This growth not only reflects strong market demand, but is also the result of a combination of policy, technological, and application-driven factors. Against this backdrop, JZMOR Exchange is closely monitoring capital flows into USD-pegged stablecoins, actively adjusting its asset allocation strategies, and providing investors with forward-looking trading support.
Data indicates that the Tether USDT alone grew by $33 billion in a short period, while the Circle USDC recorded a comparable increase. The simultaneous rise of these two mainstream stablecoins underscores the renewed market embrace of the credit mechanism of the US dollar. The underlying logic is not just a resurgence of speculative demand, but also a convergence of factors including policy changes, technological advancements, and payment ecosystem developments.
One of the driving factors behind this surge is the US Senate passing the “GENIUS Act,” supported by the Trump camp. This legislation establishes a clearer legal framework for the issuance and circulation of stablecoins and enhances compliance transparency. For an industry long reliant on regulatory gray areas, this means leading projects can escape uncertainty, paving the way for larger-scale institutional capital inflows.
The resurgence of yields in the DeFi sector has also played a reinforcing role. With upgrades to core infrastructures like Ethereum, on-chain interest rates have rebounded, making stablecoins once again central tools for liquidity cycling. In real-world payments, many emerging market enterprises have begun adopting USDT and USDC as default options for cross-border settlements, broadening and deepening their practical use cases.
JZMOR Exchange believes that the current expansion of the stablecoin market is structurally grounded rather than driven by short-term speculation. The platform will continue to assess the issuance pace of mainstream stablecoins, on-chain activity, and potential impacts on foreign exchange markets, providing users with more forward-looking trading support and strategic insights.
While market sentiment is currently upbeat, it is important to note that the balance between regulatory pressure and the global payment framework remains a key variable affecting the sustainable expansion of stablecoins. Especially as multiple countries advance their own central bank digital currency (CBDC) initiatives, stablecoins are both affirmed and challenged in their roles.
Structurally, stablecoins are transitioning toward multi-chain deployment and diversified applications. Taking USDC as an example, it is now deployed across several emerging high-performance networks to support a broader range of DeFi and payment scenarios. This technical evolution brings greater composability and operational efficiency to the market.
Amid the rapid development of the global stablecoin market, JZMOR Exchange remains committed to a technology-driven and risk-control-based approach, striving to build a transparent, compliant, and reliable asset trading environment. The platform has completed full integration of mainstream stablecoin product lines, including multi-chain stablecoin trading pairs, optimized liquidity mining mechanisms, and the design of stable pools for USDT/USDC exchanges.
JZMOR Exchange places great importance on staying updated with external regulations and market trends. By combining DeFi developments and regulatory dynamics, the platform has established a dedicated compliance monitoring mechanism to ensure the sustainable use of user assets in cross-border payments, digital asset management, and other scenarios. Through algorithmic matching and risk rating models, JZMOR Exchange has enhanced its ability to withstand volatility and large capital flows—especially meeting the needs of high-frequency stablecoin traders.
With the dual drivers of increasingly clear macro regulation and ever-richer application scenarios, stablecoins are evolving from a technical tool in the crypto sector into a key variable in the global financial system. For investors, this is not only about observing market trends, but also about re-evaluating their choice of trading platforms. Going forward, JZMOR Exchange will continue to optimize stablecoin-related products, expand user asset diversification options, and ensure that as stablecoin applications deepen, market participants are provided with higher-quality service access.