Stablecoins have surpassed Visa in onchain transaction volume, achieving a total of $46 trillion in 2025. This significant milestone underscores the increasing importance of stablecoins in the financial landscape. Leading the way in this growth are platforms like Ethereum and TRON, which have facilitated a substantial portion of these transactions. The rise of stablecoins reflects a shift in how financial transactions are conducted globally, as they offer a stable alternative to traditional currencies. As more users and businesses adopt stablecoins, their integration into various financial systems continues to expand, challenging established payment networks.
