Stablecoin market breakdown 2025-2035| ��ƽ��

Stablecoin transaction volume worldwide - including a market size estimate for digital payments - in 2025, with overall forecasts for 2028 and 2035 from different sources (in billion U.S. dollars)

Characteristic	Activities within cryptocurrency ecosystem (e.g., crypto trading, Decentralized Finance collateral, idle funds held by crypto firms)	Payment transactions	Other	Total market
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Sources

Release date

July 2025

More information

Region

Worldwide

Survey time period

July 2025

Special properties

The source did not provide exact figures for 2028, providing no additional breakdown for that year.

Supplementary notes

All figures have been gathered by ��ƽ�� from multiple news sources. Figures come from three internal reports shared with their respective clients, which were then quoted in financial media. The original reports were not available. The sources used include:

;
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No information was available on how the sources conducted their research.

All sources mention the GENIUS Act—the stablecoin regulation enacted in the United States in June 2025. This was likely the research motivation behind all three studies.

Citation formats

Stablecoins are expected to grow between 2025 and 2028, although at a significantly slower pace than what was assumed earlier. This is according to an internal research note from JP Morgan, sent to clients during the summer of 2025. Strategists from this U.S. bank predicted that the global stablecoin market size would double, from *** billion U.S. dollars in 2025 to *** billion U.S. dollars in 2028. This is significantly lower than previous forecasts, such as for the global tokenization market. The source continued by stating that payments performed with stablecoin made up roughly *** percent, or ** billion U.S. dollars, of the overall market in 2025. Note that while the bank has a more conservative forecast than others, it did confirm in 2025 it would explore stablecoins as part of its business model.