Stablecoins account for 60% of crypto transactions, driven by global adoption and new regulations.
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Stablecoins Capture Majority of Crypto Transactions
According to a study by TRM Labs, stablecoins now represent over 60% of all cryptocurrency transactions. This marks a significant increase from two years ago, when they accounted for only 35%.
On June 17, the U.S. Senate passed the Genius Act, aiming to bring regulatory clarity to the stablecoin market.
Related: GENIUS Act: Impact on Stablecoin Market
Global Adoption of Stablecoins is Rising
In the first quarter of 2025 alone, stablecoins were involved in 28% of all crypto transactions. Analysts noted that in 2024 and 2025, stablecoins consistently held at least 4% of the crypto market’s capitalization.
Related: US Senate Approves GENIUS Stablecoin Bill
TRM Labs’ data highlights that stablecoins have become essential in digital asset markets, not just for trading but also for payments, remittances, and savings. Over 90% of fiat-backed stablecoins are pegged to the U.S. dollar.
Stablecoins are gaining traction in regions like Latin America, Sub-Saharan Africa, and Southeast Asia, offering a reliable alternative to traditional financial systems and facilitating faster cross-border transactions.
Related: Genius Group Incorporates Bitcoin into Their Treasury Strategy
The GENIUS Act Sets the Stage for Stablecoin Regulation
The GENIUS Act represents a crucial step towards addressing issues in the stablecoin market. It proposes a federal regulatory framework to safeguard consumers, stabilize the market, and bolster U.S. leadership in digital finance. The bill includes measures to combat illicit use of these assets.
On June 17, the Senate approved the bill with bipartisan support. Veronica McGregor, Chief Legal Officer at Exodus, commended the Senate’s commitment, emphasizing the potential benefits of stablecoin regulation for Americans. The bill will now move to the House of Representatives, where McGregor hopes for continued legislative momentum.
Emily brings a decade of expertise in blockchain technology and decentralized finance (DeFi). She specializes in market trends and regulatory developments, providing in-depth analyses that resonate with seasoned investors and beginners alike. With a background in financial journalism, she is dedicated to bringing clarity to the fast-paced world of crypto.
