Last Year’s Stablecoin Transaction Volume Surpassed $35 Trillion…Up Nearly 20% in a Year
Summary
- It said last year’s stablecoin transaction volume surpassed $35 trillion, up nearly 20% from $27.5 trillion a year earlier.
- It said 2025 will be the first year in which monthly stablecoin transaction volume surpasses $1 trillion multiple times.
- It noted that stablecoin transactions tied to illicit activity last year accounted for about 0.4% of the total, but are expected to make up about 86% of all illicit crypto activity.

Stablecoin transaction volume topped $35 trillion last year, data showed.
CoinDesk, citing data from blockchain analytics firm TRM Labs on the 19th (local time), reported that stablecoin transaction volume is expected to exceed $35 trillion in 2025. That is an increase of nearly 20% from a year earlier ($27.5 trillion). CoinDesk said, “2025 will be the first year in which monthly stablecoin transaction volume surpasses $1 trillion multiple times.”
Stablecoin transactions linked to illicit activity last year are estimated at about 0.4% of total volume. CoinDesk said, “This shows that stablecoin transactions remain overwhelmingly legitimate,” adding that “stablecoins are expected to account for about 86% of all illicit crypto activity last year.”

JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul

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