Stablecoin Transaction Volume Hits $35 Trillion in 2025 with Illicit Activity Under 0.5%

The stablecoin ecosystem has achieved a monumental milestone, with total transaction volume reaching $35 trillion in 2025. This staggering figure underscores the growing dominance of dollar-pegged digital assets in the global financial system. A key highlight from the report is that the share of illicit transactions involving stablecoins has remained consistently below 0.5%, challenging common misconceptions about cryptocurrency use. Analysts point to enhanced regulatory compliance and advanced blockchain analytics as primary drivers for this high volume and low crime rate. Major stablecoins like USDT and USDC are credited for providing efficient, low-cost settlement rails for both institutional and retail users, fueling adoption in payments, remittances, and decentralized finance (DeFi). This data signals robust health and increasing legitimacy for the stablecoin sector.