In a huge development for the cryptocurrency industry, Paul Atkins has officially been sworn in as Chairman of the U.S. Securities and Exchange Commission (SEC). Known for his pro-crypto stance, Atkins’ appointment is being hailed as the beginning of a new era for digital asset regulation in the United States.
This marks a return to the SEC for Chairman Atkins, who previously served as a Commissioner from 2002 to 2008 under President George W. Bush. During that time, he was known for championing transparency, consistency, and the use of cost-benefit analysis in regulatory decision-making—principles that many hope he will now apply to modern crypto policy.
The industry has been eagerly awaiting his arrival. While Acting Chair Hester Peirce and interim leader Mark Uyeda have made strides—particularly in fostering transparency and holding crypto roundtables—Atkins is expected to bring greater momentum and authority to the agency’s crypto-related efforts.
“As I return to the SEC, I am pleased to join with my fellow Commissioners and the agency’s dedicated professionals to advance its mission to facilitate capital formation; maintain fair, orderly, and efficient markets; and protect investors,” Atkins said.
He added, “ Together we will work to ensure that the U.S. is the best and most secure place in the world to invest and do business.”
Under Peirce’s leadership, the SEC has already made headway, dropping several high-profile cases and providing new guidance around crypto mining, stablecoins, and meme coins. However, areas like NFTs and token classification remain complex and unresolved. With Atkins now in charge, insiders expect swift movement toward a standardized “token test” to determine whether a digital asset should be classified as a security.
Stablecoins have cemented their role in the digital finance revolution as one of the stabilizing forces in the crypto market. These are pegged to stable reserves like fiat currencies, for instance, the US dollar, which helps minimize price fluctuations.
Welcome to Coinpedia’s H1 2025 report. This analysis contains a comprehensive examination of the stablecoin sector from authentic sources.
This report showcases the information needed for market participants and enthusiasts to make well-informed decisions and identify opportunities.
Keep reading to know more.
Stablecoin Market Cap ATH: Prediction Rises to $2 Trillion
The first half of 2025 marked a historic moment, with the total stablecoin market cap hitting an all-time high of $251.55 billion, up from $204 billion on January 2. This growth pushed stablecoins’ share of the total crypto market cap from 7.9% to 8.9%, reflecting increased investor confidence and usage.
Source: IntoTheBlock
Despite the ATH market cap, the optimism has not subsided one bit; in fact, it has turned more intense with US Treasury Secretary Scott Bessent’s forecast of flipping $2 trillion by the end of 2028.
Under a more advanced prediction, analysts from Citigroup have also estimated that the market cap could reach as high as $3.7 trillion by 2030. This shows high expectations for growth and displays how opportunistic this sector has become, supported by analysis from major financial institutions.
Market Composition and Dominance
According to DeFiLlama, there are now 264 stablecoins, out of which 162 have a market cap above $1 million. Tether (USDT) continues to dominate the market, with USDC emerging as a strong second.
Stablecoin
Dec 2024 Cap ($B)
Jun 2025 Cap ($B)
Dec 2024 Dominance (%)
June 2025 Dominance (%)
USDT
138
154
71.06
65.64
USDC
41
61
21.52
26.02
USDe
5.5
5.78
2.87
2.46
DAI
3.4
3.65
1.77
1.55
FDUSD
1.9
1.57
0.99
0.67
FRAX
0.64
0.31
0.33
0.13
TUSD
0.497
0.494
0.26
0.21
PYUSD
0.51
0.975
0.26
0.42
RLUSD
0.03
0.366
0.02
0.16
Notably, USDT’s dominance has declined slightly, while USDC’s share has grown steadily. PYUSD and RLUSD showed positive movement, indicating growing investor interest in newer stables.
Exchange Activity and On-chain Signals
Exchange flows remained high throughout the first half of 2025. Net inflows were consistent, indicating strong demand. On-chain volume also rose sharply, from $982 billion to $1.394 trillion by May. Additionally, active stablecoin wallet addresses saw a steep rise, signaling a steady influx of users.
Source: IntoTheBlock
Blockchain Preferences by Stablecoin
A look into chain dominance reveals strong preferences among leading stablecoins:
Stablecoin
Top Chain (%)
Rest (%)
USDT
Tron (50.11%)
Ethereum (40.44%)
USDC
Ethereum (61.58%)
Solana (13.29%)
USDe
Ethereum (96.92%)
others
DAI
Ethereum (87.62%)
others
FDUSD
Ethereum (80.38%)
Solana (8.28%)
RLUSD
Ethereum (83.76%)
XRPL (16.24%)
FRAX
Ethereum (48.77%)
Fraxtal (32.85%)
Clearly, Ethereum remains the central hub for stablecoins, with TRON and Solana gaining notable activity.
Institutional and Corporate Adoption
Meanwhile, the regulatory environment became a catalyst. The GENIUS Act, up for Senate vote on June 17, could reshape the stablecoin landscape. It requires stablecoins to be backed by U.S. dollars or highly liquid assets and enforces annual audits for those over $50 billion in market value.
President Trump’s vocal support for the bill is expected to bolster the dollar’s strength in digital finance. The Trump administration is clearly orchestrating based on a pre-planned long-term strategy, to preserve the supremacy of the dollar amid geopolitical challenges.
Similarly, this bill would clearly change the stablecoin domain, as issuing stablecoins wouldn’t be an exclusive luxury limited to financial tech companies like Circle and Tether. But Santander and Société Générale have entered, raising the hype with a new generation of bank-issued stablecoins.
At the same time, traditional institutions joined the race. Bank of America is fast-tracking its own stablecoin project, awaiting the regulatory green light.
On the corporate front, Circle, the firm behind USDC stablecoin, enjoyed the growing stablecoin market with its latest move this H1 2025 as it went public. Its shares jumped 235% on day one, clearly indicating the strong adoption.
Furthermore, companies like Amazon, Walmart, and Expedia are said to be exploring blockchains and the crypto sector for launching their own stablecoins, possibly to cut card processing fees and streamline payments.
TRON and New Entrants
Apart from giant Ethereum, TRON continues to be a key blockchain for stablecoins. In a major milestone, recently, Justin Sun confirmed that World Liberty Financial Inc. (WLFI) minted its USD1 stablecoin on TRON. Such launches underscore the growing shift toward blockchain-native financial tools.
#TRON has announced the first minting of the USD1 stablecoin on the TRON blockchain. @worldlibertyfi’s strategic decision to mint USD1 on TRON signals a growing trust in the network’s robust infrastructure and demonstrates increasing institutional confidence in TRON’s ability… pic.twitter.com/vHg1vXKeSJ
Moreover, Issuers like Tether are also seeing financial rewards. Recently, Tether reported over $1 billion in Q1 2025 profits, largely from U.S. Treasury yields tied to reserve assets.
End Note: The Stablecoin Era Strengthens
The first half of 2025 showcased a new phase of stablecoin evolution. From rising volumes and dominance shifts to wider institutional use and legislative support. Now, stablecoins are clearly on the path to becoming foundational elements of the global financial system.
As the year continues, the outcome of the GENIUS Act and further corporate moves could define the next leap forward for digital dollars.
Moreover, per the dominance perspective, Tether (USDT) and Circle (USDC) continue to dominate the market, where Ethereum remains the central hub for major stablecoins, while TRON and Solana are also increasing as stablecoin launchpads.
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The post Stablecoin Performace in 2025 Jan To June appeared first on Coinpedia Fintech News
Stablecoins have cemented their role in the digital finance revolution as one of the stabilizing forces in the crypto market. These are pegged to stable reserves like fiat currencies, for instance, the US dollar, which helps minimize price fluctuations. Welcome to Coinpedia’s H1 2025 report. This analysis contains a comprehensive examination of the stablecoin sector …
US Treasury Secretary Scott Bessent was sharply questioned today by the House Financial Services Committee about Trump-affiliated World Liberty Financial (WLFI) and its new USD1 stablecoin. Congressional Democrats questioned Bessent whether no-interest stablecoins linked to Trump’s crypto ventures could mask hidden subsidies.
Bessent Scrutinized Over President Trump’s World Liberty Financial
World Liberty Financial, founded in 2024 with close Trump‑family ties, raised about $550 million in late 2024 by selling its governance token. The Trump family is entitled to roughly 75% of net revenues.
In March, WLFI launched USD1, a dollar‑pegged token backed by US Treasuries and cash equivalents.
Within weeks, Abu Dhabi’s state‑backed MGX agreed to deploy $2 billion of USD1 on Binance, instantly pushing USD1 into the top tier of stablecoins by market cap.
Rep. Brad Sherman noted that at a 4% market rate, the deal effectively grants WLFI and its Trump owners an $80 million annual subsidy. He asked whether this “interest‑free loan” should count as hidden support.
“Abu Dhabi just announced that they were going to give $2 billion to a stablecoin put forward by World Liberty Financial, and it pays no interest. So you and I are both finance people. Just want to check my math, assuming a 4% rate of return. Is this interest‑free loan of $2 billion worth $80 million every year to WLFI and its Trump owners?” Sherman said.
To his knowledge, Bessent said he had not reviewed the token’s expense ratio and maintained that no stablecoins pay interest. He added that no regulator has formally labeled such purchases as hidden subsidies.
Lawmakers warned this structure could mask political favors. They urged the Treasury to clarify when stablecoin deals cross into improper support.
The hearing drew on a New York Times investigation. That report revealed secret multimillion‑dollar “endorsement” pitches under the Trump name, sales to foreign firms, and policy shifts benefiting WLFI.
It said WLFI crossed the boundary between private enterprise and government policy without precedent.
“In a statement, a spokeswoman for President Trump noted that his assets are in a trust managed by his children. And as a result, there are no conflicts of interest. The trust still benefits President Trump directly,” the NY Times report claimed.
Democrats on the committee said they will pursue legislation that requires full expense‑ratio disclosures for stablecoins. They also want to ban no‑interest structures that serve as de facto subsidies.
Such rules, they argue, are vital to ensure transparency and prevent conflicts when politically connected firms enter crypto markets.
BeInCrypto has reached out to World Liberty Financial to understand their stance on such allegations and scrutiny.
XRP price is experiencing choppy movements that could continue for most of this week after the SEC delayed its decision on Franklin Templeton’s Ripple ETF filing. However, Bloomberg believes there is an 85% odd of approval by the final deadline in October. With the increased chances, traders are speculating whether to buy XRP now and await gains.
XRP Remains Flat As Bloomberg Eyes ETF Approval in Q4
XRP value today is experiencing sideways moves with no clear breakout despite a bullish outlook in the broader market as Bitcoin defends $95,000. Its lack of meaningful gains comes after the SEC delayed the decision on Franklin Templeton’s XRP ETF filing until June 17.
XRP/USDT: 4-Hour Chart
Despite this development, Bloomberg has increased XRP ETF approval odds to 85% while analyst James Seyffart has opined that the commission may give its nod on the pending applications during the last quarter of 2025. While responding to Crypto in America host Eleanor Terrett, Seyffart added that the SEC approve the filings before the final decision date.
Eleanor Terrett
Seyffart is likely basing his projection for approval on the SEC vs. Ripple lawsuit coming to an end. The new chair, Paul Atkins, took office last week, and he may be the key to this case finally being closed.
Should You Buy XRP Before ETF Approval Deadline?
Approval will mean gains for the XRP price, considering that institutions have shown interest in the Ripple ETFs that are already trading. The first US leverage Ripple ETF by Teucrium has amassed $55M in net assets one month into launch, while Brazil also debuted a spot ETF.
According to analyst Chad on X, approval will fuel a price rally by opening up a new revenue stream for most investors. Meanwhile, investment banking giant Standard Chartered has predicted that XRP might skyrocket to $5.50 by the end of the year while attributing this rally to ETF products.
Therefore, a trader looking to front-run a potential rally should consider buying now despite the ETF approval delay. However, caution is still advised as the SEC might still reject the applications if the lawsuit fails to be officially closed by year-end.
XRP Price Analysis as Bulls Retain Control
XRP bulls show resilience despite the rally halting after hitting resistance at $2.30, suggesting that an uptrend may be on the horizon. The token is trending within the upper Bollinger band, implying a strong bullish momentum and the likelihood of the rally continuing.
Meanwhile, the RSI continues to rise and has reached 56, which points to sustained buying pressure and a likelihood that the XRP price will continue to trend upwards.
If the bullish scenario holds and Ripple maintains support at the middle Bollinger band, it faces the next resistance at $2.61, and if it can flip this level, it could continue the toward trend towards $3.
XRP/USDT: 1-day Chart
Hence, XRP price is facing a bullish recovery as traders await the approval of spot ETF filings after Bloomberg raised their odds of the product debuting in the US to 85%. Traders might frontrun this approval and fuel gains for Ripple in the near term.
