Stablecoin Market Reaches Record 228 Billion USD as Banks and Global Corporations Rush In

According to new research, the stablecoin market has skyrocketed to an unprecedented level of 228 billion dollars, a record high driven by a wave of adoption from major global banks and Fortune 500 companies, which are increasingly shifting to digital dollars for their efficiency and speed. This marks an increase of 33 billion dollars, or 17%, in total market capitalization of stablecoins since the beginning of 2025. According to Leon Waidmann, Head of Research at Onchain Foundation, this growth indicates that the current market cycle "is not over yet." This milestone was achieved as Bitcoin fluctuated just below its all-time high, reaching $110,000 briefly before dropping to $107,000.

Global Banks From Paris to Asia Participate in the Stablecoin Arena The use of stablecoins in traditional finance is also spreading as Societe Generale, the third largest bank in France, announced plans to issue a publicly tradable stablecoin backed by the dollar called USD CoinVertible through its digital asset unit, SG-FORGE. This makes SocGen the first major global bank to enter the stablecoin arena publicly and in a regulated manner. The tokens will be launched on Ethereum and Solana, with trading expected to begin in July. Meanwhile, in the United States, US Bancorp has revived its cryptocurrency custody operations under the pro-cryptocurrency administration of Donald Trump. CEO Gunjan Kedia stated that this product had stagnated under the crackdown of the Biden administration, but with Trump lifting most of the previous SEC's cryptocurrency enforcement actions, institutional demand is returning. In addition, in Asia, Ant Group, a financial giant linked to Alibaba, is seeking stablecoin licenses in Singapore, Hong Kong, and Luxembourg. Bloomberg reports that this is part of a broader strategy to strengthen the company's blockchain business, marking one of the strongest expansions into stablecoin services by a Chinese company. The Report Shows That Interest From Fortune 500 In Stablecoins Has Tripled The appeal of stablecoins is not limited to financial institutions or native cryptocurrency users. A new report from Coinbase reveals that interest in stablecoins among Fortune 500 companies has tripled over the past year - from 8% in 2024 to 29% in 2025. Executives cited slow transaction speeds and high fees in traditional banking systems as driving factors. Even smaller companies are getting involved. Among the surveyed small and medium-sized enterprises (SMB), 81% expressed interest in using stablecoins, up from 61% last year. Additionally, 46% indicated that they are likely to use cryptocurrency within the next three years, highlighting the growing role of stablecoins as a bridge between traditional finance and the digital economy.