📝 Editor’s Note:
Welcome to OurNetwork’s latest on stablecoins. The sector surpassed its previous high of $187B in market capitalization in November 2024 and, now at $276B, has showed little signs of slowing down since.
In this issue, we’re digging into the latest, courtesy of the RWA.xyz team, who provided an overview of the stablecoin space. Henry's coverage of USDT follows, then comes Tim0x's coverage of FDUSD, then Oğuz' of EURC. Finally, we have Sandesh looking into the new USD.AI.
Let's get into it.
– ON Editorial Team
Sector Overview | USDT | FDUSD | EURC | USD.AI
👥 rwa.xyz | Dashboard
📈 Stablecoins Surge Past $257B, Adding $54B in 2025 Showcasing the Fastest Year-to-Date Growth Since 2021
Stablecoin supply grew $54B in 2025 to $257B. USDT and USDC still dominate with 87% share; however, USDT slipped from 68% to 63% while USDC increased from 21% to 24%, driven by MiCA-related delistings and in anticipation of the passage of the U.S. GENIUS Act. USDS, USDe, and USDtb led among yield-bearing stablecoins, collectively adding $9B. Newcomer USD1 surged $2B since its launch in April.
